Investing.com - U.S. stock markets pointed to a higher open on Tuesday morning, as investors awaited the next run of major earnings and economic data while awaiting further clarity on Donald Trump's policies.
The blue-chip Dow futures rose 65 points, or around 0.3%, by 6:45AM ET (11:45GMT), the S&P 500 futures tacked on 6 points, or 0.3%, while the tech-heavy Nasdaq 100 futures added 9 points, or about 0.2%.
U.S. stocks slipped on Monday, led by the energy sector as oil prices dropped.
In earnings news, General Motors (NYSE:GM), Archer Daniels Midland (NYSE:ADM) and Michael Kors (NYSE:KORS) are among the major companies scheduled to report before the bell.
Walt Disney (NYSE:DIS), Gilead Sciences (NASDAQ:GILD), Mondelez (NASDAQ:MDLZ), Panera Bread (NASDAQ:PNRA) and Zillow (NASDAQ:ZG) are among many other companies due to report after the market close.
On the data front, Tuesday will see the release of U.S. trade figures at 8:30AM ET (13:30GMT), followed by job openings and labor turnover survey data released at 10:00AM ET (15:00GMT).
Despite the flurry of data and earnings, headlines from Washington could continue to dictate market sentiment this week, as traders focus on President Donald Trump for further details on his promises of tax reform, infrastructure spending and deregulation as well as trade policies.
Elsewhere, European stock markets pushed higher, with Germany's DAX up 0.6%, as earnings and data continue to be the main focus for investors.
Earlier, in Asia, markets ended in negative territory, with the Shanghai Composite in China closing down 0.1%, while the Nikkei in Japan closed about 0.4% lower.
Meanwhile, in the currency market, the dollar rallied against a basket of major currencies, after Philadelphia Federal Reserve President Patrick Harker said late Monday that a March interest rate rise is “on the table.”
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.8% at 100.62 in early trade, pulling away from last week's two-month low of 99.19.
Against the euro, the dollar was on track to post its biggest daily gain of the year with investors fearing far-right candidate Marine Le Pen was gaining momentum before France's presidential election.