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Wall Street eyes big day of earnings

Investors focus on earnings, economy

U.S. stock index futures indicated a mixed open Thursday as traders eyed a busy day of earnings.

On the earnings front Colgate-Palmolive, ConocoPhillips, Ford and Mastercard are among a host of companies set to report before the bell. Alphabet, and CBS are set to report after the bell.

The market will also keep the debate going on when the U.S. Federal Reserve will hike rates again, after its open markets committee provided no clues in its post-meeting statement Wednesday.

It did, however, upgrade its view on the economy, and some Fed-watchers now see a possible opening for a hike in September. Others, however, are sticking to the view that December is more likely.

On the data front, initial claims edged higher to 266,000. The U.S. advance June goods trade deficit was $63.3 billion.

Housing vacancies are set to come out at 10:00 a.m.

In oil markets, Brent crude traded at around $43.51 a barrel on Thursday morning, up 0.09 percent, while U.S. crude was at around $42.05, up 0.31 percent.

In Europe, the pan European Stoxx 600 Index was down by around 0.04 percent on Thursday morning.

In Asia, Japan's Nikkei closed 1.13 percent lower on Thursday while in China, the Shanghai Composite closed 0.10 percent higher.

CNBC's Patti Domm contributed to this report