Wake Up Wall Street: European and Asian Shares Trade Higher

This is what you need to know before the opening bell.

U.S. stock futures were rising Wednesday while European and Asian shares traded higher, despite a continued dip in oil prices.

Walt Disney (DIS) - Get Reportsaid adjusted earnings in its fiscal first quarter fell 10% year over year to $1.55 a share, but still topped analysts' estimates of $1.49. The stock was down 0.8% in premarket trading on Wednesday.

Rio Tinto (RIO) - Get Report posted stronger-than-expected full-year earnings Wednesday and boosted its annual divided, as the world's second-largest miner took advantage of rising commodity prices.

Gilead Sciences (GILD) - Get Report  was tumbling nearly 6% in premarket trading Wednesday after the biotech company said total product sales would decline sharply in 2017, hurt by falling patient demand and lower net prices for the company's hepatitis C drugs.