FYI: .On the data front, there will be personal and consumer spending figures out at 08:30 a.m. ET; as well as pending home sales and consumer confidence numbers due at 10:00 a.m. ET.
.In corporate news, Mastercard and Under Armour are reporting before the bell. Apple and Mondelez will be updating investors after the bell.
U.S. stock index futures indexes were slightly higher Tuesday morning, ahead of a key meeting by the Federal Reserve.
At around 01:30 a.m. ET, Dow futures rose 35 points, indicating a higher open of more than 41 points. Futures on the S&P and Nasdaq were both marginally higher.
Traders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade.
European stocks opened lower after an upbeat session in Asia, while the British pound continued to drop against other major currencies as Brexit fears took center stage.
The pound on Tuesday fell nearly 0.5% against both the U.S. dollar and the euro, after having fallen more than 1% on Monday to its lowest close since March 2017. Investors were reacting to the hardened tone on quitting the European Union without a deal from the new Boris Johnson-led government in the U.K.
The U.K.’s FTSE 100 stock index, which tends to benefit from a weaker pound, notched the biggest rise in the region with a 0.2% increase. The Stoxx Europe 600 fell by 0.4%.
A long-term devaluation of the pound could present inflationary problems for U.K. policy makers. The Bank of England’s next interest-rate decision and report on the inflationary outlook is expected Thursday.
Markets across Asia ticked up, with the Shanghai Composite up 0.3% and Nikkei up 0.4% after the Bank of Japan met expectations to hold steady on interest rates.
A slew of economic confidence data will be released by the European Union on Tuesday. Economists are concerned that prolonged weakness in the manufacturing sector, particularly in the eurozone’s largest economy, Germany, may weigh heavily on optimism. U.S.-China trade tensions have dampened appetite for European exports.
The U.S. Commerce Department will release June income and spending data offering a look at the resilience of consumers amid trade tensions.
n corporate news, several major companies are expected to share results on Tuesday, including Procter & Gamble Co. and Apple Inc.
In commodities, global benchmark Brent crude gained 0.6% to $63.99 a barrel. Gold gained 0.3%.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/european-stocks-slip-as-pound-extends-decline-11564473701Bloomberg
https://www.bloomberg.com/news/articles/2019-07-29/asia-stocks-look-mixed-dollar-pushes-higher-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-beyond-meat-stock-offering-ringcentral-chegg-apple-earnings/CNBC:
https://www.cnbc.com/2019/07/30/stock-market-traders-look-ahead-to-fed-meeting-apple-earnings.htmlReuters:
https://www.reuters.com/article/us-usa-stocks-trade/trade-jitters-running-high-at-u-s-companies-ahead-of-new-u-s-china-talks-idUSKCN1UO2E3U.K.
https://uk.reuters.com/article/uk-britain-stocks/bp-surge-lifts-ftse-100-to-11-month-high-centrica-slumps-idUKKCN1UP0NOEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-hit-by-bayer-lufthansa-ftse-shines-idUSKCN1UP0NIAsia:
https://www.marketwatch.com/story/asian-markets-gain-as-bank-of-japan-maintains-steady-guidance-2019-07-29/printBonds:
https://www.cnbc.com/2019/07/30/treasury-yields-edge-higher-ahead-of-fed-meeting.htmlCurrencies:
https://www.cnbc.com/2019/07/30/forex-markets-bank-of-japan-federal-reserve-in-focus.htmlOil:
https://www.cnbc.com/2019/07/30/oil-markets-federal-reserve-in-focus.htmlGold:
https://www.cnbc.com/2019/07/30/gold-markets-federal-reserve-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
