Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and Nasdaq 100 indexes up 0.5-0.6 percent.
At 7:45 a.m. ET ICSC/Goldman Sachs release chain store sales for the week ended January 28, versus the prior week. In the previous week, sales fell 1.4 percent.
Redbook releases at 8:55 a.m. ET its Retail Sales Index of department and chain store sales for January versus December. In the prior period, sales fell 1.6 percent.
McGraw-Hill, the textbook publisher and owner of credit rating agency Standard & Poor's, reports financial results and is likely to update Wall Street on its steps to split the company in two. Analysts surveyed by Reuters expect earnings per share of $0.57 dollar, compared with $0.55 a year earlier.
Other key companies due to report fourth-quarter results include Exxon Mobil
At 10 a.m. ET, Standard & Poor's releases its S&P Case/Shiller Home Price Index for November. Economists expect a fall of 0.5 percent, versus a 0.6 percent drop in the previous month.
A California judge has dismissed a fraud claim brought by Oracle Corp
The Institute of Supply Management Chicago releases at 9:45 a.m. ET its January index of manufacturing activity. Economists forecast a reading of 63.0, compared with 62.2 in December.
The Conference Board releases at 10 a.m. ET January consumer confidence data. Economists in a Reuters survey expect a reading of 68.0 compared with 64.5 in December.
Just a week before futures brokerage MF Global
The Treasury Department is investigating a report that Freddie Mac
CIT Group Inc
Pharmaceutical wholesaler McKesson Corp
German Chancellor Angela Merkel cemented her political ascendancy in Europe on Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.
Greek Prime Minister Lucas Papademos said negotiators had made significant progress in talks to strike a restructuring deal for Greek government debt, with the aim of having a definitive agreement by the end of this week.
European shares <.FTEU3> rose 0.6 percent in early trade on hopes Greece was nearing a debt swap deal needed to avoid a messy default.
On Monday, the Dow Jones industrial average <.DJI> dropped 6.74 points, or 0.05 percent, to 12,653.72. The Standard & Poor's 500 Index <.SPX> lost 3.31 points, or 0.25 percent, to 1,313.02. The Nasdaq Composite Index <.IXIC> fell 4.61 points, or 0.16 percent, to 2,811.94.
(Reporting By Francesco Canepa)