Early signs from the U.S. Futures point Wall Street to open positive. U.S. China trade frictions continues to worry investors.

Asian shares finished mixed on Tuesday, while European shares are trading positive.

As of 7.45 am ET, the Dow futures were gaining 144.00 points, the S&P 500 futures were adding 12.75 points and the Nasdaq 100 futures were up 44.50 points.

The major averages all closed higher, with the Nasdaq outperforming its counterparts. While the Nasdaq advanced 57.38 points or 0.8 percent to 7,567.69, the Dow edged up 35.77 points or 0.2 percent to 24,307.18 and the S&P 500 rose 8.34 points or 0.3 percent to 2,726.71.

On the economic front, Redbook Data for the week will be released at 8.55 am ET. In the prior week, the Store sales were up 3.1 percent.

The Commerce Department's Factory Orders for May will be issued at 10.00 am ET. The consensus is for 0.0 percent, while it decline of 0.8 percent.

In the corporate sector, Juniper Pharmaceuticals Inc. said that it agreed to be acquired by Catalent Inc. for $11.50 per share in cash. The transaction represents a total equity value of approximately $139.6 million on a fully-diluted basis.

BE Semiconductor Industries N.V. now expects its second-quarter revenue to increase by approximately 4 percent from the 154.9 million euros reported in the first quarter. Previously, Besi guided for a sequential revenue increase of approximately 10 to 15 percent or around 170.4 euros to 178.1 million euros range, from the preceding quarter.

Asian stocks finished mixed on Tuesday. Chinese stocks reversed steep losses to finish on a positive note. The benchmark Shanghai Composite index gained 11.33 points or 0.41 percent to 2,786.89. Hong Kong's Hang Seng index dropped 409.54 points or 1.41 percent to 28,545. 57.

Japanese shares closed near three-month lows. The Nikkei average ended the session down 26.39 points or 0.12 percent at 21,785.54.

The broader Topix index slid 0.15 percent to close at 1,692.80.

Australian stocks rose notably after the country's central bank left its key interest rate unchanged at a record low, as widely expected. The benchmark S&P/ASX 200 index rose by 32.40 points or 0.52 percent to 6,210.20 while the broader All Ordinaries index closed 0.47 percent higher at 6,302.80.

European shares are trading higher. Among the major indexes in the region, the CAC 40 Index of France is climbing 55.29 points or 1.05 percent. The German DAX is gaining 168.92 points or 1.38 percent, the U.K. FTSE 100 Index is up 55.17 points or 0.73 percent. The Swiss Market Index is adding 108.35 points or 1.27 percent.

The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is progressing 1.32 percent.

by P2PNews Staff Writer

editorial@p2pnews.com

Market AnalysisBB

Image Credit: P2P Media