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US futures point to slightly higher open; earnings, oil eyed

U.S. stock-index futures ticked slightly higher on Wednesday, with retail earnings take center stage and crude oil prices still in focus.

U.S. second-quarter earnings due on Wednesday include Shake Shack. Michael Kors posted quarterly results that beat expectations on both lines, but the stock was down more than 2.5 percent in the premarket. Wendy's also posted better-than-expected earnings per share and revenue. Ralph Lauren shares popped more than 7 percent after its earnings came in sharply above expectations.

The only major U.S. data due on Wednesday will be the Treasury budget for July and JOLTS jobs openings for June. There will also be the weekly MBA mortgage index and crude oil inventories.

WTI and Brent crude futures traded lower early on Wednesday at around $42.60 per barrel and $45, respectively. The Energy Information Administration is scheduled to release weekly inventories data.

European stocks traded mixed early on Wednesday and Asia-Pacific indexes closed mostly lower overnight.

U.S. indexes ended flat to higher on Tuesday, with the Nasdaq index ending at a new record-high.

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