US equity futures nudged higher in early European trading Tuesday while Japan's yen plunged to a 40-year low against the dollar, intensifying speculation about government intervention. Finance Minister Satsuki Katayama pledged to curb excessive currency volatility as investors embraced risk assets globally.

Stocks appear poised to close the quarter strongly, with Asian markets following Monday's tech-driven Wall Street rally. European indexes opened broadly higher. Traders now await US May job openings data and June consumer confidence figures for directional cues.

Oil prices slipped amid uncertainty around US-Iran negotiations in Qatar following strait tensions. Brent crude dropped 1% to $73.20 a barrel, while WTI fell 1.2% to $69.91. ING analysts argue the market overshot downward, expecting oil flows to normalize by late third quarter.

Dow futures held flat after Monday's 18th record close of 2026, while S&P 500 and Nasdaq futures gained 0.1% and 0.2% respectively. Nike reports quarterly earnings after Tuesday's market close, capping a busy session for investors tracking both corporate results and macro developments.