US equity futures cautiously on the rise as big profits gain ground

US stock index futures were cautiously higher Tuesday morning, as investors hoped the profits of a multitude of corporate giants would be better than expected in the coming days.

At 2:50 pm ET, Dow's futures contracts increased by 26 points and implied an opening of about 44 points, while the S & P 500 and Nasdaq futures also rose slightly.

Meanwhile, global equities seemed to be supported by expectations that the European Central Bank (ECB) and the Federal Reserve may soon reduce their interest rates. We saw the ECB cut rates by 10 basis points on Thursday as the US central bank cut rates by 25 basis points at the end of the month.

On Monday, Wall Street recorded a slight rise in its stock market results. More than a quarter of the S & P 500 index was released this week, including Facebook, the parent company of Google, Alphabet, Amazon, McDonald's and Boeing.

On Tuesday, groups like Coca-Cola, Biogen, Lockheed Martin, United Technologies and Harley-Davidson will report. Chubb, Visa, Chipotle and Snap are among those reported after the bell.

The heavyweight Swiss banks UBS exceeded expectations with a net profit of $ 1.4 billion for the second quarter, gains from its consulting business offsetting the losses of the investment banking business.

Economic data will also be at the center of concerns, such as the May Federal Housing Agency Housing Price Index for the month of May at 9:00 am (ET) and the June existing home sales figures. announced at 10:00 (ET).

Chipmaker's shares will be worth watching on Tuesday, after Apple's supplier, AMS, announced strong growth in its revenue and earnings in the third quarter, following a increased deliveries of its 3D optical sensors.

Monday, Applied Materials, Micron Technology and Lam Research all rose at least 3.7% after upgrading by Goldman Sachs.