Stock index futures rose on Tuesday, with higher oil prices leading a rebound from the previous session when stocks closed at their lowest in a month.
Rising concerns about the euro-zone debt pressured equities on Monday. While those headwinds remain, markets have steadied following a decline of more than 1 percent. European shares rose 0.25 percent.
Both U.S. crude and Brent futures rose 1.3 percent after Goldman Sachs raised its forecast for oil, citing strong fuel demand growth.
Copper also rallied, gaining 1.4 percent after Goldman forecast an increase in Chinese purchases in the coming months. Gold prices rose 0.5 percent while the U.S. dollar index <.DXY> fell 0.2 percent.
Investors are realizing that at the end of the day, there's more demand for commodities than there is supply. That means the long-term trend is higher, said Oliver Pursche, president at Gary Goldberg Financial Services in Suffern, New York. When there's a short-term selloff, we would take it as an entry point.
U.S.-listed shares of Sony Corp <6758.T>
S&P 500 futures rose 2.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 25 points and Nasdaq 100 futures rose 3.25 points.
In an expanding investigation into mortgage operations, New York's attorney general is seeking information from banks, including JPMorgan Chase & Co
U.S.-listed shares of Deutsche Bank fell 1.1 percent in light premarket trading.
The U.S. Treasury is expected to sell 15 percent of its stake in American International Group Inc
April new home sales data, due at 10 a.m. <1400 GMT>, are seen rising by the same amount as the previous month. The Federal Reserve Bank of Richmond May indexes on area manufacturing and service sectors will also be released.
(Editing by Kenneth Barry)