×

Futures point to slightly higher open as Wall Street awaits key political events

U.S. stock index futures pointed to a slightly higher open Wednesday, as investors prepare themselves for a deluge of news out of the political and economic spheres.

A trader speaks on a fixed line phone as he monitors financial data on computer screens on the trading floor at ETX Capital, a broker of contracts-for-difference, in London, U.K., on Tuesday, Jan. 17, 2017.
Luke MacGregor | Bloomberg | Getty Images
A trader speaks on a fixed line phone as he monitors financial data on computer screens on the trading floor at ETX Capital, a broker of contracts-for-difference, in London, U.K., on Tuesday, Jan. 17, 2017.
On Thursday, British citizens will head to the polling stations to vote in the nation's general election, with investors currently eyeing the latest polls and moves in sterling for any indications on what the result might be.

Ahead of this, political parties are in their final stretch of campaigning on Wednesday, with each group hoping to secure a significant number of parliamentary seats in the election.

In the U.S., the former FBI director James Comey is expected to testify on Thursday in front of the Senate Intelligence Committee, marking his first public comment since being dismissed by the U.S. president.

Thursday will also mark the European Central Bank's latest monetary policy meeting, where investors will be examining President Mario Draghi's rhetoric, when it comes to the future of ECB policy.

Vote
Vote to see results
Total Votes:

Not a Scientific Survey. Results may not total 100% due to rounding.

In earnings news, Brown-Forman and Navistar posted quarterly results before the bell. DAVIDsTEA is expected to report after the close.

Meanwhile, consumer credit is slated to come out at 3 p.m. ET. Also, mortgage applications rose 7.1 percent last week as rates hit their lowest levels since the election.

In the commodities sphere, crude futures were under pressure as investors remained on edge over concerns of a glut in the market. U.S. crude and Brent were both lower at 8:12 a.m. ET Wednesday, trading at $47.88 and $49.74 per barrel respectively.

In Europe, bourses eked out slight gains, while Asia-Pacific markets finished trade mixed. On Tuesday, U.S. equities ended in the red.

—CNBC's Fred Imbert contributed to this report.

Follow CNBC International on Twitter and Facebook.