NEW YORK (AP) — Stock futures are inching higher as traders were cautiously optimistic about some improving economic reports overseas and corporate dealmaking continued.
The Asian Development Bank raised its forecast Tuesday for the region’s economic growth this year. Consumer confidence in Germany rose as more people are optimistic about job growth.
Traders in the U.S. are awaiting a reading on domestic consumer confidence Tuesday as well. The Conference Board’s confidence index likely fell slightly this month.
Drug developer Endo Pharmaceuticals is buying Qualitest Pharmaceuticals for $1.2 Billion.
Dow Jones industrial average futures are up 17, or 0.2 percent, at 10,767. S&P 500 futures are up 2, or 0.1 percent, at 1,139, while Nasdaq 100 futures are up 12, or 0.6 percent, at 2,019.
