Futures pointed to a higher open Tuesday, tracking shares in Europe boosted by upbeat earnings as investors looked ahead to a key parliamentary vote on public finance in Rome which may hold the key to Italian Prime Minister Silvio Berlusconi’s future.
Italy’s center-left opposition said it was preparing a motion of no-confidence in the government that would bring Berlusconi down even if he should survive Tuesday's vote, Reuters reported.
Meanwhile in Greece, an emergency cabinet meeting was underway to agree on a new prime minister.
With no macroeconomic data or major earnings on tap, developments in Greece and Italy in particular are likely to dominate headlines on Tuesday.
In company news, Hewlett-Packard is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter told Reuters.