Investors are likely to react to the latest U.S. economic data, including statistics on Home prices, the Consumer Confidence Index, and Job Openings, which are due to be released on Tuesday. In Asia, the trading session saw a slight rise in oil prices.
Early indications from the U.S. Futures Index suggest that Wall Street may open on a lower note. Asian stocks largely ended in the negative while European stocks are trading on a positive note. As of 6.45 A.M ET, Dow futures fell by 66.00 points, the S&P 500 futures fell by 6.75 points, and the Nasdaq 100 futures slid 8.00 points.
On Monday, the U.S. major averages rose to new highs with the Dow rising by 224.02 points or 0.6 percent, the Nasdaq rising by 172.68 points, or 1.1 percent, and the S&P 500 advancing by 36.96 points or 0.8 percent.
Tuesday's economic indicators include the Case-Shiller Home Price Index for November, with consensus forecasts predicting an increase of 0.4 percent. The FHFA House Price Index for November is also due for release with an anticipated growth of 0.3 percent. The Consumer Confidence Index for January, and the Labor Department's Job Openings and Labor Turnover Survey (or JOLTS) for December are scheduled for release as well. And finally, the eight-week Treasury Bill auction will take place at 11:00 A.M ET.
Tuesday's Mixed results were seen in Asian markets. China's Shanghai Composite index fell by 1.83 percent due to the court-ordered liquidation of the property giant China Evergrande. Hong Kong's Hang Seng index fell 2.32 percent, driven by drops in property developer stock. Japanese markets, however, marked marginal gains, while Australian stocks saw modest rises.
In Europe, most shares are trading higher. France's CAC 40 Index is climbing by 34.30 points or 0.45 percent while Germany's DAX is progressing by 17.93 points or 0.11 percent. The U.K. FTSE 100 Index is gaining 225.31 points or 0.74 percent. The Swiss Market Index is adding 5.64 points or 0.04 percent, while the Euro Stoxx 50 Index, consisting of 50 blue-chip stocks across the euro area, is up by 0.49 percent.
