Stock index futures pointed to a higher open on Tuesday, a bounce from Monday's decline, as investors braced for data on new housing starts.
At 5:21 a.m. EDT, futures for the Dow Jones, S&P 500 and Nasdaq were up between 0.6 and 0.7 percent.
The FTSEurofirst 300 <.FTEU3> index of top European shares was up 0.8 percent at 929.38 points, regaining some of the ground lost on Monday, and helped by stronger-than-expected data from Germany's ZEW survey.
U.S. housing starts probably increased to a seasonally adjusted annual rate of 600,000 units last month, after rising to 582,000 units in June, according to a median forecast of 62 economists, adding to evidence that the economy is coming out of recession. It would be the third straight month of increase and the highest level in eight months.
The Producer Price Index for July is expected to register a decline of 0.3 percent after jumping twice as much as expected in June to 1.8 percent on rising energy prices.
Investors get a view of results from a complete range of retailers, the biggest of which, Target
Pharmaceutical wholesaler Cardinal Health
U.S. stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos
* Shares of Agilent Technologies
(Reporting by Brian Gorman; Editing by Hans Peters)