Wall Street futures pointed moderately higher pre-bell Tuesday as traders leaned into the pending earnings season and shrugged off geopolitical concerns, turmoil in Asian stock markets and higher oil prices. In the futures, the S&P 500 were up 0.4%, the Nasdaq edged 0.5% higher and the Dow Jones gained 0.1%.
Asian exchanges gyrated overnight, with Hong Kong's Hang Seng Index down 9.4% amid concerns that Beijing macroeconomic stimulus will be wanting to the task. However, Shanghai opened up after a week-long holiday and rose 4.6%. PepsiCo stock was down 1.2% pre-bell after the beverage company reported lower fiscal Q3 net revenue.
European bourses tracked moderately lower midday amid Middle East tensions and Asian equity-market turbulence. On the economic calendar is the international trade in goods and services report for August at 8:30 am ET. Federal Reserve Atlanta Fed President Raphael Bostic speaks at 12:45 pm, Boston Fed President Susan Collins at 4 pm, and Vice Chair Philip Jefferson at 7:30 pm.
In premarket activity, Bitcoin traded at $63,127, West Texas Intermediate crude oil traded lower at $75.59, and 10-year US Treasuries offered 4.02%. Spot gold traded for $2,643 an ounce. $US30 $US500.