Stock index futures rose on Tuesday, with higher oil prices leading a rebound from a steep sell-off in the previous session that sent stocks to their lowest close in a month.
Rising concerns about the euro-zone debt crisis pressured equities on Monday, and while those headwinds remain, markets stabilized following a decline of more than 1 percent in the previous session. European markets rose 0.3 percent.
Both U.S. crude futures and Brent crude rose 1.3 percent after Goldman Sachs raised its forecast for the commodity, 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.
U.S.-listed shares of Sony Corp <6758.T>
New York's attorney general, as part of an expanding probe into mortgage operations, is seeking information from a number of banks, including JPMorgan Chase & Co
S&P 500 futures rose 4.1 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 27 points and Nasdaq 100 futures rose 2 points.
The U.S. Treasury is expected to sell 15 percent of its stake in American International Group Inc
Companies scheduled to report quarterly results on Tuesday include Applied Materials
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.
U.S. stocks fell more than 1 percent on Monday on concerns about euro-zone debt and weakness in global manufacturing. Industrial, energy and technology stocks, sectors closely related to growth, were among the day's top decliners.
(Editing by Kenneth Barry)