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Dow futures add 100 points after ECB cuts deposit rate

CNBC.com staff
Spencer Platt | Getty Images. U.S. stock index futures pointed to a mixed open on Tuesday morning as traders awaited a Federal Reserve meeting for further clues on monetary policy.

U.S. stock index futures indicated a higher open on Thursday as traders eyed a meeting of the European Central Bank in Frankfurt, Germany.

The ECB is expected to cut its deposit rate further into negative territory and boost asset purchases in an effort to spark euro zone inflation and encourage growth.

On the U.S. data front, initial claims are due at 8:30 a.m. ET, with the Federal budget released at 2:00 p.m.

On the earnings front, El Pollo Loco (LOCO) is among companies set to report today.

In oil markets, Brent crude traded at $40.77 a barrel, down 0.78 percent, while U.S. crude was at $38.19, down 0.23 percent.

In Asia, Japan's Nikkei (Nihon Kenzai Shinbun: .N225)closed up 1.26 percent, while the Shanghai Composite (Shanghai Stock Exchange: .SSEC) in China closed 2.03 percent lower.

In Europe, the pan European Stoxx 600 Index (^STOXX) was up by around 0.07 percent on Thursday morning.

CNBC's Patti Domm contributed to this report

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