Click chart for in-depth premarket data. LONDON (CNNMoney)
Here are the five things you need to know before the opening bell rings in New York:
1. It's not a done deal: A couple of M&A deals have evaporated on Wall Street.
Rupert Murdoch's company 21st Century Fox (FOX) has given up on pursuing a deal to buy Time Warner (TWX), which owns HBO, CNN and CNNMoney. Shares in Time Warner were plunging by about 11% in premarket trading. The stock surged in July when Murdoch's $80 billion bid first hit the headlines.
Both media conglomerates are reporting quarterly results Wednesday -- Time Warner is reporting ahead of the opening bell. Fox is reporting after the close.
A tie-up between Sprint (S) and T-Mobile US (TMUS) also seems to be off the table, according to the Wall Street Journal. Shares in both companies took a dive in extended trading. That could leave French telecom company Iliad as the frontrunner to buy T-Mobile. Iliad shares were down 3% in Paris.
2. Apple and Samsung call off patent war: Apple (AAPL, Tech30) and Samsung have called a truce on all their non-U.S. patent disputes. Investors may react favorably to this latest development, though the tech giants are still pursuing litigation in the States.
Related: Fear & Greed Index
3. Premarket moves: U.S. stock futures were tip-toeing higher ahead of the open.
All the major U.S. indices fell during the previous trading session, with much of the decline blamed on renewed concerns about geopolitical tensions with Russia.
4. International markets overview: European markets were all declining in early trading. Germany's Dax index was leading the way with a 1% dip on new evidence that the Ukraine crisis is hurting its economy.
German factory orders fell 3.2% in June, against expectations for a small rise. The government blamed "geopolitical developments and risks" for the slump.
Meanwhile, nearly all Asian markets ended the day with losses. Japan's Nikkei fell 1% Wednesday -- leading the index to a full 3.1% drop over the last five trading days. China stocks were steadier, as they continue to bounce back from first half losses.
Related: CNNMoney's Tech30
5. Earnings and economics: Various major U.S. companies are reporting earnings before the bell, including DISH Network (DISH), Mondelez International (MDLZ), Molson Coors (TAP) and Viacom (VIA).
Keurig Green Mountain (GMCR) is among the companies reporting after the close, alongside Fox.
On the economic front, the Census Bureau is releasing details on the U.S. trade balance at 8:30 a.m. ET.
First Published: August 6, 2014: 5:18 AM ET
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