Wall Street Might Open Moderately Higher

(RTTNews) - On Tuesday, investors will likely continue to react to the evolving global trade tariff scenario, particularly in light of President Trump's renewed tariff threats. No major economic announcements are scheduled for today.

Asian shares finished mostly up, while European shares are trading mixed.

In the Asian trading session, the dollar fell while gold was steady. as investors and global growth risks. Oil traded lower after a decision by OPEC+ to restore more idled capacity.

Initial trends on the U.S. Futures Index suggest that Wall Street might open broadly up.

As of 8.10 am ET, the Dow futures were down 36.00 points, the S&P 500 futures were adding 7.75 points and the Nasdaq 100 futures were progressing 67.75 points.

The U.S. major averages ended Monday notably lower. The Dow tumbled 422.17 points or 0.9 percent to 44,406.36, the Nasdaq slumped 188.59 points or 0.9 percent to 20,412.52 and the S&P 500 slid 49.37 points or 0.8 percent to 6,229.98.

On the economic front, the Federal Reserve Board of Governors' Consumer Credit Data for May will be published at 3.00 pm ET. The consensus is $11.5 billion, while it was up $17.9 billion last month.

Four-month Treasury bill auction will be held at 11.00 am ET.

The six-week and 52-week Treasury bill auction will be held at 11.30 am ET.

Three-year Treasury Note auction will be held at 1.00 pm ET.

Asian stocks ended mostly higher on Tuesday. China's Shanghai Composite index surged 0.70 percent to 3,497.48. Hong Kong's Hang Seng index climbed 1.09 percent to 24,148.07.

Japanese stocks were positive at the close, with the Nikkei average closing up 0.26 percent at 39,688.81. The broader Topix index settled 0.17 percent higher at 2,816.54.

Australian markets ended marginally higher.

European shares are trading mixed. CAC 40 of France is losing 22.30 points or 0.29 percent. DAX of Germany is adding 10.89 points or 0.05 percent. FTSE 100 of England is progressing 8.01 points or 0.09 percent. The Swiss Market Index is sliding 63.07 points or 0.53 percent.

Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is down 0.055 percent.