Markets Are Up

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Paper lanterns

REUTERS/Stringer

People release paper lanterns ahead of the Mid-Autumn Festival in Yichun, Jiangxi province, September 7, 2014. People celebrate the Chinese Mid-Autumn Festival, also known as Moon Festival, on the 15th day of the eighth month in the Chinese lunar calendar, which falls on September 8 this year.

European markets are nudging higher early Tuesday, after a grim performance overnight for Asian stock indexes.

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Here's the scorecard:

France's CAC 40 is up 0.48%.

Germany's DAX is up 0.04%

Spain's IBEX is up 0.46%.

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Italy's FTSE MIB is up 0.42%

Britain's FTSE 100 is down 0.11%

Asian markets took a hit overnight. Nikkei's 225 closed down 0.84% after some dreary economic data, and Hong Kong's Hang Seng Index closed down 0.94%, following the massive protests there.

U.S. futures are nudging up a little, with Dow futures up 0.15% and S&P futures up 0.18%.

Here's what data is coming out of the U.S. on Tuesday:

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The S&P Case-Shiller Home Price Index is expected to show that home prices fell by 0.1% month-over-month in July or 7.35% year-over-year.

The Chicago Purchasing Manager Index, which provides a regional view of business activity, will be released at 9:45 a.m. ET. Economists estimate this regional activity index slipped to 62.0 in September from 64.3 in August.

The Conference Board's Consumer Confidence Index is expected to climb to 92.5 in September from 92.4 in August.