Updated from 7:09 a.m. EDT.

NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, March 24:

1. -- U.S. stock futures were rising Tuesday as investors awaited an influx of data and as St. Louis Federal Reserve President James Bullard called for a raise in interest rates in a talk in London.

European stocks edged higher on Tuesday after a volatile day in Asia, as gauges showed private-sector strength in Germany and the eurozone offset weak Chinese data.

2. -- The economic calendar in the U.S. on Tuesday is busy. St. Louis Fed President James Bullard spoke at 6:05 a.m. The Consumer Price Index reports data at 8:30 a.m. The consumer spending Redbook comes in at 8:55 a.m. The Federal Housing Finance Agency house price index reports at 9 a.m. The PMI manufacturing index flash data arrives at 9:45 a.m. New home sales numbers comes in at 10 a.m. The Richmond Fed manufacturing index appears at 10 a.m.

3. -- U.S. stocks on Monday slumped as the pharmaceutical sector dropped and the dollar weakened somewhat.

The Dow Jones Industrial Average (DIA) - Get Report dipped 0.06% to 18,116.04. The S&P 500 (SPY) - Get Report fell 0.17% to 2,104.42. The Nasdaq (QQQ) - Get Report sank 0.31% to 5,010.97.

4. -- St. Louis Fed President James Bullard gave a speech Tuesday in London calling for the Fed to raise interest rates. Investors are looking for signals on when the Fed may raise rates; Bullard suggested that he thought "summer" would be a good time.

Fed Vice Chairman Stanley Fischer, Cleveland Fed President Loretta Mester and San Francisco Fed President John Williams also gave speeches Monday.

Fed Chair Janet Yellen last week said that the Fed would raise rates only when the economy looked sufficiently strong, but at the same time the Fed's Open Market Committee report no longer said the central bank would be "patient" in waiting to raise rates.

5. -- Social network Facebook (FB) - Get Report is in talks to host news content on its own site, the New York Times is reporting. The Times, BuzzFeed and National Geographic are expected to be the initial group to place their content within Facebook instead of to link to their own Web sites from Facebook. The news companies will share in Facebook's ad revenue, according to the report.

By placing articles directly on Facebook, publishers and the social network could reduce the time it takes for external articles to load. The Guardian, the Huffington Post and Quartz were also approached, the report said.

In premarket trading, Facebook shares were up 0.47%.

6. -- Computer-maker IBM (IBM) - Get Report will share its technology with Chinese companies in a policy shift announced by CEO Virginia Rometty in Beijing. At the China Development Forum, Rometty discussed helping China to expand its IT industry. China has been pushing for a larger domestic tech industry instead of relying on international companies.

In premarket trading, IBM stock rose 0.23%.

7. -- Global bond yields touched their lowest point since 1996 in February and haven't moved much from there. The European Central Bank and the Bank of Japan are fighting deflation, and U.K. inflation hit zero for the first time on record. Meanwhile, the U.S. Federal Reserve has not raised interest rates yet. The lack of inflation has hurt bond rates, as have government bond-buying programs designed to stimulate global economies.

Low yields make it cheap to borrow money, but make things difficult for investors who rely on bond income. 

8. -- China's factory activity is at an 11-month low as the economy there declines. The flash HSBC/Markit Purchasing Managers' Index fell for March, indicating a continued drop in production. Employment and new orders were down, as were production backlogs.

China has cut interest rates twice and reduced capital requirements for banks, but the moves have apparently not jump-started the economy. Still, China's government is targeting 7% growth for the full year, which is lower than prior years but still quite strong in global terms.

9. -- Biotech stocks fell Monday as investors became worried that the sector had run up too far. The iShares Nasdaq Biotechnology ETF (IBB) - Get Report fell 2.25% Monday. The biotech sector has been roaring through the last six years.

In premarket trading, the IBB ETF was bouncing back by 0.48%.

10. -- Spice maker McCormick (MKC) - Get Report and analytics and research company IHS (IHS) report earnings before the market open Tuesday.

McCormick stock was rising by 2.46% in premarket trading. IHS leapt 5.84%.