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.
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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.
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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.
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.
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)