On Tuesday, stock index futures opened on higher side as investors are expecting recovery in economy when the results for third-quarter economic growth and existing home sales data will be declared.

Home Sales are expected to increase in the third consecutive month November which is a sure sign of stability in troubled housing market.

Senior Equity and Research analyst Kim Cuaghey said,” There’s a sense that GDP could be higher than consensus, and that’s helping futures. GDP will be the go-to number to get reassurance that the recession is truly over, while strong home sales will be another sign that indicators are going the right way”.

S&P 500 futures gained 5.9 points while Dow Jones industrial average futures added 47 more points and Nasdaq 100 futures had shown increase by 10.75 points.

Ahead of release of US inventory data, February crude futures declined to $73.22 a barrel as OPEC agreed not to change the production targets.

Japans Nikkei stock average increased by 1.9 percent, Britain FTSE 100 added 1 more percent, Germany’s DAX index added 0.3 percent more while France’s CAC-40 got a jump of 0.5 percent.