07:24 AM EDT, 08/07/2024 (MT Newswires) -- Wall Street futures pointed higher pre-bell Wednesday after rallies on Asian exchanges followed comments by a Bank of Japan official that plans for higher interest rates were in abeyance.

In the futures, the S&P 500 rose 1.2%, the Nasdaq inclined 1.3% and the Dow Jones was up 0.8%.

Yields on benchmark 10-year US Treasuries held below 4%.

Asian exchanges traded higher overnight, led by a 3.9% gain on Taiwan's TWSE index. Tokyo's Nikkei 225 rose 1.2% after Shinichi Uchida, Deputy Governor of Japan's central bank, said further monetary policy tightening was off the table during periods of financial turmoil.

European bourses tracked solidly north midday on the continent.

Hilton Worldwide Holdings (HLT) fell 1.3% pre-bell after reporting solid quarterly earnings but moderate guidance.

Walt Disney (DIS) fell 2.6% pre-bell after reporting quarterly results above consensus, but flagging parks division softness and moderating consumer demand.

CVS Health (CVS) fell 3% pre-bell after reporting quarterly results above outlooks but trimming guidance.

Airbnb (ABNB) fell 16.2% pre-bell after the vacation rental broker reported mixed quarterly results and soft revenue guidance late Tuesday.

On the economic calendar is the weekly EIA domestic oil inventories bulletin at 10:30 am ET.

In premarket action, Bitcoin traded at $57,558, West Texas Intermediate crude oil traded higher at $74.22, and 10-year US Treasuries offered 3.93%. Spot gold traded for $2,394 an ounce.