U.S. stock index futures pointed to a higher open Tuesday, following gains in European equities, amid stabilization in oil prices. The U.S. dollar index traded higher, with the euro near $1.116 and the yen near 109.7 yen against the dollar.
"Sideways action seems the order of the day when it comes to equity indices and the moves in the FX space are little different this morning," Brenda Kelly, the head analyst at London Capital Group, said in a morning note.
Investors are still awaiting more clues from members of the U.S. Federal Reserve on whether the central bank will hike rates again next month. Traders also remain transfixed on global oil prices which crept lower during the European morning session.