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US futures slightly higher amid earnings, data; Yellen comments eyed

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U.S. stock index futures pointed to a higher open on Wednesday as traders digested a host of corporate earnings and data, while eyeing comments from Federal Reserve Chair Janet Yellen.

On the data front, Consumer Price Index rose 0.3 percent in December, showing a 2.1 percent year-over-year increase, which is above the Fed's inflation target of 2 percent.

Industrial production and capacity utilization following on at 9:15 a.m. The NAHB housing index is due at 10 a.m., with the Fed's Beige Book expected at 2 p.m.

Later on in the day, Yellen is due to give a speech at the Commonwealth Club in San Francisco, at 3 p.m. ET.

On the earnings front Wednesday, Citigroup reported mixed quarterly results, with earnings per share topping consensus estimates while sales missed. Goldman Sachs reported better-than-expected results on the top and bottom line.

Netflix is among companies set to report after the bell.

In Europe, the pan European Stoxx 600 Index was around 0.11 percent lower on Wednesday.