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Wall Street set for a higher open, as positive trade overseas boosts sentiment

A trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York
Michael Nagle | Bloomberg | Getty Images
A trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York

U.S. stock index futures pointed to a higher open on Tuesday, buoyed by positive trading sentiment seen overseas and as investors turned their attention to upcoming data and geopolitical events.

Dow Jones industrial average futures rose 63 points, while S&P 500 and Nasdaq 100 futures advanced 6.75 points and 30.75 points, respectively.

Overseas, European bourses traded in the black, with the Stoxx 600 index rising 0.6 percent. Stocks in Asia, meanwhile, finished mostly higher.

On the data front, the FHFA House Price Index and the Richmond Fed Manufacturing Survey are due at 9 a.m. ET and 10 a.m. ET, respectively.

On the central bank front, no major speeches are set to take place by the Federal Reserve on Tuesday. However, investors will be looking to the 2017 Economic Policy Symposium on "Fostering a Dynamic Global Economy" at Jackson Hole due later on this week.

At the meeting, Fed Chair Janet Yellen and European Central Bank President Mario Draghi are both set to speak, with investors watching the event closely for any indications when it comes to monetary policy outlook.

Meanwhile, politics will remain on the minds of investors, after President Donald Trump committed the U.S. to an open-ended conflict in Afghanistan, reversing course from what Trump had pledged during his election campaign, Reuters reported.