LONDON (CNNMoney)
U.S. stock futures were edging higher. Here are the four things you need to know before the opening bell rings in New York:
1. World markets gain: Major indexes across Europe were firmer after EU officials stopped short of imposing tough economic sanctions on Moscow.
Still, the relief could be short-lived as Europe demanded Russia's "full and immediate" cooperation over Ukraine or risk losing access to European finance, defense equipment and energy technology. Russia's Micex index was up 0.6%, while Germany's Dax gained 0.4%.
Asian markets were mainly firmer. Indonesia markets were helped by news that former Jakarta governor Joko Widodo had won the presidential election.
Related: Fear & Greed Index
2. Big earnings day: Investors will have plenty of earnings to digest Wednesday. Boeing (BA), Delta Air Lines (DAL), Dow Chemical (DOW), PepsiCo (PEP) will report earnings before the opening bell. AT&T (T, Tech30) and Facebook (FB, Tech30) will report after the close.
3. Stock market movers -- Apple, Microsoft, Deutsche Bank: Shares of Apple (AAPL, Tech30) fell 0.3% premarket. The company reported a jump in sales and profit for the last quarter, but lowered sales projections for the current quarter. Microsoft (MSFT, Tech30) sales beat Wall Street expectations, sending its shares up 0.5% premarket.
Deutsche Bank (DB) shares fell 1.6% in Frankfurt trading after the Wall Street Journal reported that the New York Federal Reserve had serious concerns about internal supervision and regulation at the bank's U.S. operations.
Related: CNNMoney's Tech30
4. Tuesday markets recap: U.S. stocks closed higher Tuesday. The Dow Jones Industrial Average rose more than 60 points and is within spitting distance of its record close, which occurred last week. The S&P 500 gained about half a percent while the Nasdaq closed up 0.7%.
First Published: July 23, 2014: 5:38 AM ET
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