US shares are heading north before the bell after the sharp sell-off on Wednesday, notably in tech stocks, while European benchmarks are in the red in morning trade.
In Toronto, the TSX fell around 35 points. A supply disruption at Suncor (TSE:SU), one of the country’s largest oil sands facilities, gave oil prices and energy stocks a boost.
In New York, the Nasdaq plunged yesterday 116 points to close at 7,445. Futures on Thursday are around 15 points higher.
The Dow Jones Industrial Average closed yesterday 165 points lower, but futures today are up 47 points. The S&P 500 closed down over 23 points to 2,699. But S&P 500 futures today are up over five points.
Investors are still concerned about mounting tensions between the USA and China - the world's two largest economies, and the Chinese currency has now fallen over 3% in the last two weeks.
In other news, Brexit is likely to be a hot topic in Brussels today, where an EU summit is being held. Relations between the UK and the bloc are becoming increasingly strained amid criticism that negotiations are taking too long.
In London, FTSE 100 is down 1.68 at 7,620 at the time of writing, while the German DAX is off almost 92 points and the CAC 40 in Paris is 19 lower.
In Asia overnight, the Shanghai Composite Index shed 26 points at 2,786, while Japan's Nikkei 225 closed near flat at 22,270.