Dow Jones futures rose 1.0 percent by 5:00 a.m. EST, S&P 500 futures rose 1.2 percent and Nasdaq futures rose 0.9 percent, indicating that Wall Street stocks could open higher on Thursday.

Eyes will be on the fallout of UBS's $780 million settlement under which the Swiss bank admitted to helping U.S. taxpayers hide accounts from the IRS. Some UBS customers could face scrutiny by U.S. authorities and law enforcement action.

S&P 500 companies scheduled to report quarterly earnings include drugmakers Watson Pharmaceuticals and Mylan , online travel agency Expedia , mobile phone services provider Sprint Nextel and gold mining company Newmont .

Economic data include weekly jobless claims and January producer prices, both at 8:30 a.m. EST, as well as the Philadelphia Fed's February business activity survey and the Conference Board's leading indicators for January, both data sets at 10:00 a.m. EST.

Atlanta Fed President Dennis Lockhart is due to speak on the U.S. economy at 1:15 p.m. EST

(Reporting by Peter Starck)

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