NEW YORK Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.7 to 0.8 percent. The market was closed on Monday for the Memorial Day holiday.

Standard & Poor's releases at 9 a.m. EDT its S&P Case/Shiller Home Price Index for March. Economists expect a fall of 0.2 percent, a repeat of the February decline.

Exchange giant NYSE Euronext is looking to set up two parallel clearing services if it seals its proposed deal to buy Anglo-French clearing house LCH.Clearnet as well as merging with Deutsche Boerse .

The Institute for Supply Management-New York releases at 8:30 a.m. EDT its May index of regional business activity. In the previous month, the index read 525.1.

Resource-related stocks will be in focus, with crude oil rising above $115 a barrel as the dollar weakened on improved prospects for a bailout of debt-laden Greece.

The European Union is racing to draft a second bailout package for indebted Greece to release vital loans next month and avert the risk of the euro zone country defaulting.

Entertainment One Ltd said it was working with Fisher-Price, part of the world's largest toy maker Mattel Inc , to develop a toy line in the United States based on its popular pre-school TV show 'Peppa Pig'.

Federal Reserve Bank of Chicago releases at 8:30 a.m. EDT its Chicago Fed Midwest Manufacturing Index for April. The index read 85.0 in the prior month.

Goldman Sachs invested more than $1.3 billion from Libya's sovereign-wealth fund in currency bets and other trades in 2008 and the investment lost more than 98 percent of its value, the Wall Street Journal reported, citing internal Goldman documents.

The Institute of Supply Management Chicago releases at 9:45 a.m. EDT its May index of manufacturing activity. Economists forecast a reading of 63.0 in the month compared with 67.6 in April.

Intel unveiled a new category of laptops that it says will include the best features of tablets as the world's top chipmaker struggles to find its footing in the exploding market for mobile gadgets.

At 10 a.m. EDT, the Conference Board releases May consumer confidence report. Economists in a Reuters survey expect a reading of 66.5, compared with 65.4 in April.

European shares <.FTEU3> rose 0.7 percent in early trade on Tuesday on optimism a fresh bailout deal for debt-laden Greece would go ahead.

Japan's Nikkei average <.N225> rose 2 percent on Tuesday with buying in futures encouraged by predictions of strong industrial output in the coming months and also helped by a weaker yen.

On Friday, the Dow Jones industrial average <.DJI> added 38.82 points, or 0.31 percent, to 12,441.58. The Standard & Poor's 500 Index <.SPX> rose 5.41 points, or 0.41 percent, to 1,331.10. The Nasdaq Composite Index <.IXIC> gained 13.94 points, or 0.50 percent, to 2,796.86.

(Reporting by Atul Prakash; Editing by Erica Billingham)