US futures rise as tensions in Ukraine, Iraq wane

New York - US stock index futures rose on Wednesday amid a perceived easing of tensions in both Ukraine and Iraq, which pushed investors to seek bargains.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

Investors have been concerned in recent weeks about the potential fallout of a protracted conflict or escalation of crises in Ukraine, the Gaza Strip or Iraq.

Western officials had been wary of the convoy, speculating it may be a cover for invasion.

The support of the army commanders may signal a lower likelihood the country would further descend into violence.

Dow Jones industrial average e-mini futures rose 69 points and Nasdaq 100 e-mini futures added 19.75 points.

Earnings season has boosted the market this quarter, with more companies than usual topping expectations for both profit and revenue, according to Thomson Reuters data.

Investors are also looking ahead to data on July retail sales, seen rising 0.2 percent, which is due at 8:30 a.m. EDT (14:30 SA time).

Shares of eBay Inc dipped 0.9 percent to $52.95. - Reuters