U.S. stock index futures were mostly lower after a slew of U.S. economic data points were released.
U.S. retail sales rose 0.6 percent in July, slightly higher than what economists expected, while weekly jobless claims came in at 274,000.
Import prices for the U.S. fell 0.9 percent last month, marking the largest fall since January.
Stocks were rocked Tuesday and Wednesday after China devalued its currency, but by Wednesday afternoon, huge intraday losses were reversed and the market closed mixed and flattish on the day.
In Europe, the pan-European Stoxx 600 index opened one percent higher, with investors keeping a keen watch on developments in China as well as progress on Greece's third bailout program.
CNBC's Patti Domm contributed to this report
Correction: Advance Auto Parts, Kohl's, Coty Applied Materials and Nordstrom are scheduled to report their earnings Thursday.