Around 5:15 a.m. ET, Dow futures indicated a positive open of more than 90 points. Futures on the S&P 500 and Nasdaq were also higher.
Wall Street ended higher on Monday on the back of renewed optimism in U.S.-China trade talks. A spokeswoman for the U.S. Treasury said the White House “is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time.” This relieved some earlier fears raised by reports last week that the U.S. has been looking at restricting U.S. investments in China.
Furthermore, traders are looking to hear from the World Trade Organization. The institution is set to decide on an aircraft subsidies dispute that could allow the U.S. to impose tariffs on Europe.
On the data front, manufacturing Purchasing Managers’ Index numbers will be released at 9:45 a.m. ET; construction spending figures will be out at 10 a.m. ET, as well as the Dallas Federal Reserve service-sector numbers.
On the earnings front, Stitch Fix is set to report after the bell.
There are a number of Fed speeches, including St Louis Fed President James Bullard at 9:15 a.m. ET.