U.S. stock index futures rose on Thursday over optimism that the Trump administration was on the cusp of a breakthrough on trade policy, while chip stocks gained after news that a plan for fewer export curbs was in the offing.

Stock index futures gained on Thursday as President Donald Trump could unveil a trade deal, while investors assessed the Federal Reserve's decision to keep rates steady.

Global stock markets were up—along with the dollar—with sentiment further buoyed by the prospect that the Trump administration will announce a trade-deal framework with the U.K.