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IBT: US futures range-bound ahead of economic data
 
Futures on major U.S. stock indices remained range bound ahead of some key economic data, after stocks surged to a 10-week high on Monday.

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Futures on the S&P 500 are down 0.22 percent, futures on the Dow Jones Industrial Average are down 0.17 percent and Nasdaq100 futures are down 0.07 percent.

U.S. stocks surged to 10-week highs, with the S&P 500 shooting above its 200-day moving average, as energy and financial sectors lifted the broader.

The focus has shifted to economic data from earnings as more than two-thirds of US and European companies have reported their results.

Investors are likely to focus on economic data including pending home sales, personal income, monthly core PCE price index and Washington post consumer confidence which are due to release during the day.

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European shares declined from a three-month high although earnings from BMW and Deutsche Post DHL helped limit downside and are currently trading lower on Tuesday. FTSE 100 is trading down by 18.89 points, DAX30 trading up by 4.33 points and CAC 40 trading down by 7.71 points.

The euro advanced 0.36 percent to 1.3228 against the dollar amid solid euro zone data and corporate earnings and the yen advanced 0.55 percent against the greenback.

Crude oil futures declined 0.16 percent and copper futures declined 0.87 percent. In precious metal sector, gold futures declined 0.08 percent and silver futures fell 0.27 percent.

Asian stock markets were mostly higher Tuesday, led by gains from financials and commodity sectors. Japanese Nikkei rose 1.29 percent and Hong Kong’s Hang Seng advanced 0.21, while Chinese Shanghai declined 1.70 percent.

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