Stock index futures pointed to a slightly higher open on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1-0.2 percent at 0958 GMT (4.58 a.m EST).
European shares were slightly lower, although they remained near the top of a six-day trading range. French bank Societe Generale
U.S. President Barack Obama said in his State of the Union speech on Tuesday he backs higher taxes for the wealthy and a $50 billion spending plan to create jobs by rebuilding degraded roads and bridges.
The U.S. Commerce Dept. releases U.S. retail sales data at 1330 GMT. It was expected to show a 0.1 percent rise in January, slowing from a 0.5 percent increase in December as consumers eyed smaller paychecks on the back of a recent tax increase.
Business inventories data for December, due at 1500 GMT, are expected to show a rise of 0.3 percent, a repeat of the November increase.
The group is due to unveil fourth-quarter results before the market open, with earnings per share seen at $0.53 from $0.47 one year earlier.
Networking equipment maker, Cisco Systems
Asset manager Legg Mason Inc
The Dow Jones industrial average <.DJI> closed 47.46 points higher, or 0.34 percent, at 14,018.70 on Tuesday. The Standard & Poor's 500 Index <.SPX> was up 2.42 points, or 0.16 percent, at 1,519.43. The Nasdaq Composite Index <.IXIC> was down 5.51 points, or 0.17 percent, at 3,186.49.
(Reporting by Francesco Canepa; editing by Patrick Graham)