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Dow futures briefly add 100 points; oil steadies

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.

New data out of Germany, a dovish governor of the Reserve Bank of Australia and further news on the U.K.'s "Brexit" referendum also sent currency markets in different directions.

Major European indexes traded about 1.5 percent higher or more in early morning trade ET after opening lower. In Asia, most indexes finished lower on Tuesday. On Monday, U.S. stocks closed lower in low volume trade.

On the earnings front, Best Buy and Toll Brothers reported before the bell. Intuit will update with new numbers after the bell. New home sales for April are due out at 10:00 a.m. ET and are expected to show a 2.5 percent rise to 524,000 compared to a 1.5 percent contraction in March.

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The Richmond Fed survey will also be released at 10:00 a.m. ET. At 11:00 a.m. ET, the New York Federal Reserve releases new results from its second-quarter Household Debt and Credit Report Survey.

Correction: This story was revised to correct that the premarket prices were for Tuesday.