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Stock futures signal a higher open in Wall Street ahead of ISM data
The futures on the Dow Jones Industrial Average gained 0.248% to 14151 points; the S&P 500 futures advanced 0.236% to 1529.30, and the futures on the NASDAQ 100 rose 0.308% to 2768.50 points. As of 05:45 a.m. New York Time
European shares climbed higher on the sessionís open on optimism that major European central banks will sustain their accommodative stimulus programs. Also, data released from the Eurozone earlier today showed a notable rise in services activity in the region.
The benchmark Stoxx Europe 600 index jumped to 292.34 points on Tuesday, its highest level since June 2008.
Meanwhile, investors keep an eye for the ISMís non-manufacturing PMI to be reported after the opening Tuesday. The index, also known as the ISM Services PMI, which rates the relative level of business conditions, including employment, production, new orders, prices, supplier deliveries and inventories, is expected to drop to 55.0 in February from, from 55.2 in January.
On Monday, President Barack Obama cooled some of the tension regarding the U.S. fiscal crisis, as he called opposition lawmakers to find a way to stop the massive spending cuts, while congressional republicans proposed a more spending for the Pentagon to ease the sequester-sprung crunch.
Obama also introduced his nominee for the U.S. Federal Budget director, walmart executive and former Office of Management and Budget official Sylvia Mathews Burwell. Obama cited her biggest immediate challenge, the Sequester.