US Stock Futures Edge Higher, Following Europe Lead

U.S. equities futures were slightly higher Wednesday, taking a cue from European markets that also edged up, helped by higher oil futures amid a decline in U.S. stockpiles.

West Texas Intermediate oil for delivery in November was up 1% recently at $46.81 while Brent Crude was higher 0.6% at $49.38.

At 9:45 a.m. E.T., the PMI Manufacturing index flash report is expected to show it edged higher to 53.1 in September from 52.9 in August. The consensus range is between 50.5 and 53.6, according to data compiled by Econoday.

Heron Therapeutics (HRTX) surged over 26% in recent pre-market trade after reporting positive top-line results from a trial on its HTX-011 in the management of post-operative pain in patients undergoing bunionectomy.