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Stock Index Futures Rises

 U.S. stock index futures edged higher on Tuesday as the euro erased early losses against the dollar.

U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 SPc1 down 0.22 percent, Dow Jones DJc1 futures down 0.13 percent and Nasdaq 100 NDc1 futures down 0.05 percent at 0909 GMT.

Investors were cautious ahead of this week's G20 summit. China warned on Tuesday the U.S. Federal Reserve's additional quantitative easing could inflate asset bubbles elsewhere, keeping up the pressure.

At 10 a.m. EST, the Commerce Department is expected to report a 0.6% increase in September wholesale inventories, according to That compares with.8% growth in August.

Less than two hours before the start of trading, Dow Jones Industrial Average futures were 36 points higher at 11398. The Standard & Poor's 500 futures rose 3.9 points to 1223.9 and Nasdaq 100 futures gained 10 points to 2194. Changes in futures don't always accurately predict early market moves after the opening bell.

European markets turned higher Tuesday, boosted by strong corporate news at telecom giant Vodafone Group PLC and British bank Barclays PLC. Meanwhile, gold futures continued to power higher, rising $16 to $1,419.20 an ounce in electronic trade. Oil futures were up 39 cents at $87.45 a barrel.

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Disclosure: "No Positions"