The day will then end with Alcoa's closely watched earnings, which mark the unofficial start to the U.S. fourth-quarter earnings season.
"Consensus is for Alcoa to report net income of $60.5 million on revenues of $5.3 billion, but as always, there will be as much focus on the company's demand outlook as there is on the company's historical results," said Deutsche Bank's Jim Reid and Anthony Ip in a research note.
Earlier on Thursday, Costco, the U.S.'s second largest retailer, reported December sales that beat expectations, helped by online successes in the U.S. and Canada. Net sales rose 6 percent to $11.5 billion last month. Despite the upbeat news, Frankfurt-listed Costco shares traded around 1.4 percent lower in early trade.
The Treasury will sell $13 billion of 30-year bonds on Thursday, while the Federal Reserve will purchase $0.6-0.9 billion of 10-17-year Treasury notes.
—By CNBC's Katy Barnato