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Yellen testimony in focus
Federal Reserve Chair Janet Yellen is to speak to Congress and could dampen expectations for interest rate hikes this year.
Oil prices recover from selloff
Oil prices rose, partly recovering from an 8% drop in the previous session after Iran said it was open to cooperation with Saudi Arabia over current market conditions.
European stocks rebound
European stock markets rallied following a seven-session selloff on Wednesday, as investors picked up beaten down bank stocks.
U.S. futures rally
U.S. stock futures pointed to strong gains at the open as appetite for riskier assets improved ahead of testimony from Fed chair Janet Yellen.
Earnings reports
Time Warner and Carlyle Group (O:CG) are due to report quarterly results ahead of the bell, while Twitter (N:TWTR), Tesla Motors (O:TSLA), Whole Foods and Cisco will report after the close.