The weekly Jobless Claims and Labor Productivity and Costs might be the focus on Thursday. The corporate earnings also will be of importance today.
President Donald Trump goes ahead imposing new trade tariffs on dozens of countries.
In the Asian trading session, the dollar index slipped under 98 mark, gold rose more than half a percent. Oil prices gained about 1 percent.

Early signs from the U.S. Futures Index suggest that Wall Street might open positive. Asian shares finished mostly up, while European shares are trading broadly up.

As of 8.15 am ET, the Dow futures were up 206.00 points, the S&P 500 futures were gaining 39.00 points and the Nasdaq 100 futures were progressing 171.75 points.

The U.S. major averages finished higher on Tuesday. The Nasdaq jumped 252.87 points or 1.2 percent to 21,169.42 and the S&P 500 climbed 45.87 points or 0.7 percent to 6,345.06. The narrower Dow posted a more modest gain, rising 81.38 points or 0.2 percent to 44,193.12.

On the economic front, the Jobless Claims for the week will be issued at 8.30 am ET. The consensus is 220K, while the initial claims was up 218K in the prior week.

The Productivity and Costs for the second quarter will be released at 8.30 am ET. The consensus is for an increase of 1.9 percent, while it was down 1.5 percent in the prior quarter.

The Wholesale Inventories (Preliminary) for June will be published at 10.00 am ET. The consensus is up 0.2 percent, while it was down 0.3 percent, in the prior month.

The Energy Information Administration or EIA's Natural Gas Report for the week is scheduled at 10.30 am ET. In the prior week, the gas stock was up 48 bcf.

Thirty-year Treasury Bond auction will be held at 1.00 pm ET.

The Consumer Credit for June will be revealed at 3.00 pm ET. The consensus is $7.5 billion, while it was up $5.1 billion in May.

The Fed Balance Sheet for the week will be issued at 4.30 pm ET. In the prior week, the Level was up $6.643 trillion.

Asian stocks advanced on Thursday. China's Shanghai Composite index edged up by 0.16 percent to 3,639.67. Hong Kong's Hang Seng index rose 0.69 percent to 25,081.63.

Japanese markets advanced. The Nikkei average climbed 0.65 percent to 41,059.15 while the broader Topix index settled 0.72 percent higher at 2,987.92.

Australian markets ended slightly lower. The benchmark S&P/ASX 200 dipped 0.14 percent to 8,831.40 while the broader All Ordinaries index ended little changed with a negative bias at 9,102.