U.S stock index futureswere higher Tuesday, with stocks poised to post a third-straight day of gains, amid ongoing optimism the ECB will act soon ease the euro zone crisis.
Investors remained optimistic following ECB President Mario Draghi's comments last week in support of a bond-buying program to help lower borrowing costs in Spain and Italy.
Meanwhile, German industrial orders fell more than expected in June, further supporting idea of further action from the ECB.
On the economic front, consumer credit data for June from the Federal Reserve is due at 3 p.m. New York time. Economists polled by Briefing.com forecast a $10 billion rise, a fall from May’s $17.1 billion increase.
Fed Chairman Ben Bernanke is scheduled to speak on financial education at 2:30 p.m. New York time at a teacher town hall meeting.
The Federal Reserve will also auction $32 billion 3-year bills and $40 billion 4-week notes on Tuesday.
Google and Apple among other groups have made bids for bankrupt Eastman Kodak's patents, according to the Wall Street Journal. Kodak filed for Chapter 11 bankruptcy in January and is planning on auctioning more than 1,000 digital patents.