Mixed data out of China is giving economists and experts hope the country is headed for a soft landing, while Hillary Clinton has given her first speech as the presumptive Democratic presidential nominee.
Here's what you need to know before the US open at 14:30 London time.
US stock futures are looking up ahead of the open. The S&P is up by 0.14 per cent, while the Nasdaq is 0.09 per cent higher. The Dow is up by 0.12 per cent. The US 10-year yield is unchanged at 1.71 per cent.
European markets got off to a bad start in trading earlier, while Asian markets were mixed at the finish.
Official figures out this morning have allayed concerns that the Chinese economy is heading for a bumpy landing, giving heart to investors.
Read more: China grows at its slowest pace since 2009
Trade data showed the world's second largest economy stretched its surplus - the difference between the value of exports and imports - to $50bn (£34bn) in May, up from $47bn one month earlier.
Clinton clinches it...
Hillary Clinton delivered her first speech as presumptive Democratic nominee last night, setting the stage for what is likely to become an ugly battle with Republican presumptive candidate Donald Trump in coming months.
Clinton is the first woman to land a major presidential ticket.
Stocks to watch
Amazon is investing $3bn India, chief executive Jeff Bezos announced. That is on top of the $2bn that the e-commerce and tech giant said it would pour into growth in the country back in 2014.
Colorado-based penny stock Gevo's share price has taken off over the last few sessions, soaring 77 per cent in the last five days. The company's renewable alcohol-based jet fuel powered two commercial flights yesterday.
Ahead of the opening we'll get the latest numbers from yoga apparel maker Lululemon Athletica.
After the close tonight we'll hear from Comtech Telecomunication, Oil-Dri Corporation of America and ABM Industries.
JOLTs job openings will be released at 3pm London time and at 3:30pm we'll get the latest crude oil inventories from the EIA.
The oil price has continued to climb in the last few sessions, crossing the $50 mark as rig count and production of US shale continues to drop off.