Stock index futures signal slightly higher open
November 27, 2012 8:35 PM EST
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 rising 0.1 to 0.2 percent.
Market sentiment improved after Euro zone finance ministers and the International Monetary Fund clinched agreement late on Monday on reducing Greece's debt in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.
The Commerce Department releases October durable goods orders at 8.30 a.m. ET. Economists expect a 0.6 percent fall in orders in October, against a 9.8 percent rise in September.
ICSC/Goldman Sachs release chain store sales for the week ended November 24 at 7.45 a.m. ET. In the previous week, sales fell 0.3 percent.
Standard & Poor's releases its S&P Case/Shiller Home Price Index for September at 9 a.m. ET. Economists expect an adjusted 20 city index to rise 0.4 percent, versus a 0.5 percent increase in the previous month.
Europe is preparing to follow the United States in delaying the introduction of stricter rules on bank capital, while it lobbies for a rethink of the U.S. stance, EU sources said.
However, the head of the Basel Committee at the Bank of International Settlements told Reuters on Tuesday that the introduction of stricter capital rules for banks will go ahead as planned on January 1.
Conference Board releases November consumer confidence at 10 a.m. ET. Economists expect a reading of 73.0, compared with 72.2 in October.
The Federal Housing Finance Agency issues its Home Price Index for September at 10 a.m. ET. In the prior month, the index rose 0.7 percent.
European stocks <.FTEU3> rose 0.5 percent on Tuesday, recovering after weakness in the previous session.
U.S. stocks slipped on Monday after posting their best week in over five months as investors reacted to a lack of visible progress in budget deficit discussions in Washington.
The Dow Jones industrial average <.DJI> fell 77.92 points, or 0.60 percent, to 12,931.76. The S&P 500 Index <.SPX> dropped 6.99 points, or 0.50 percent, to 1,402.16. The Nasdaq Composite Index <.IXIC> shed less than a point at 2,966.75.
(Reporting by Atul Prakash; editing by Patrick Graham)