Click chart for in-depth premarket data. LONDON (CNNMoney)
Here are the four things you need to know before the opening bell rings in New York:
1. Japan's economy posts major slump: Japan's economic growth collapsed in the second quarter but the results weren't quite as bad as feared. The economy suffered its worst contraction since the 2011 tsunami. Many people had made big purchases ahead of a tax rise in April and spending slumped in its wake.
Asian markets were relatively stable Wednesday. The benchmark Nikkei index in Tokyo advanced by 0.4%.
2. Western markets calm despite Ukraine concerns: U.S. stock futures were rising and European markets were also making gains Wednesday, but the moves were relatively muted.
Investors are watching as Russia sends a convoy of 280 trucks to Ukraine -- Russia says it's sending humanitarian aid to battle-torn eastern Ukraine, but Ukrainian officials say the trucks will be used as part of a Russian invasion, and have vowed to stop the convoy at the border.
CNNMoney's Fear & Greed index shows market sentiment is pointing to 'extreme fear'.
Over the previous session, U.S. stocks closed slightly lower. The Dow lost about nine points. The Nasdaq was down about 0.3% and the S&P 500 closed 0.2% lower.
Related: Fear & Greed Index
3. Stock market movers -- King Digital, American Apparel: Shares in the company behind the popular Candy Crush game -- King Digital Entertainment (KING) -- plunged by about 20% in extended trading after the company reported that it generated less revenue and signed up fewer users than Wall Street expected.
It's worth watching American Apparel (APP) shares Wednesday after the company said it was delaying its earnings report. The firm has been in turmoil since its controversial former CEO Dov Charney was ousted in June.
In a regulatory statement, the company said, "The new board needs additional time to review the financials and ask questions of management before the company is in a position to finalize [quarterly earnings]."
Related: CNNMoney's Tech30
4. U.S. earnings and economics: Macy's (M) and Deere (DE) will report earnings before the opening bell and Cisco Systems (CSCO, Tech30) will report after the close.
The Census Bureau will post July retail sales at 8:30 a.m. ET.
First Published: August 13, 2014: 5:06 AM ET
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