NEW YORK (

TheStreet

) -- U.S. stock futures were suggesting a higher open for Wall Street on Tuesday despite data that showed Europe's output shrank 0.2% in the second quarter.

European stocks were holding onto gains while shares in Asia closed Tuesday's session higher. Japan's Nikkei 225 rose 0.5% to finish at 8,929.88.

Germany's economy helped lift Europe avoid another recession. The region's biggest economy grew by 0.3% in the second quarter.

The economic calendar in the U.S. Tuesday includes retail sales for July at 8:30 a.m. EDT, the producer price index for July at 8:30 a.m., and business inventories for June at 10 a.m.

U.S. stocks

on Monday finished mixed as disappointing data on Japan's economic growth triggered some mild profit-taking after five weeks of gains.

The

Dow Jones Industrial Average

lost more than 38 points, or 0.29%, to settle at 13,169.

The

S&P 500

lost 2 points, or 0.13%, to close at 1404. The

Nasdaq

gained nearly 2 points, or 0.05%, to finish at 3022.52.

Home Depot

(HD) - Get Report

reports earnings before Tuesday's opening bell and analysts expect the home-improvement retailer to post profit for the July-ended quarter of 97 cents a share on revenue of $20.74 billion.

Groupon

(GRPN) - Get Report

, the daily deals site, beat analysts' quarterly estimates on the bottom line but revenue came in light.

Groupon

posted second-quarter non-GAAP earnings Monday of $53.8 million, or 8 cents a share, on revenue of $568.3 million. Analysts were calling for a profit of 3 cents a share in the quarter on revenue of $573.1 million.

Companies reporting before Tuesday's opening bell include

AGCO

(AG) - Get Report

,

Cache

(CACH)

,

Dick's Sporting Goods

(DKS) - Get Report

,

Estee Lauder

(EL) - Get Report

,

Michael Kors Holdings

(KORS)

,

National Semiconductor

(NSM)

,

Plug Power

(PLUG) - Get Report

,

Saks

(SKS)

,

TJX

(TJX) - Get Report

, and

Valspar

(VAL) - Get Report

.

Reporting after Tuesday's closing bell are

Bob Evans Farms

(BOBE)

,

Crown Crafts

(CRWS) - Get Report

,

DayStar Technologies

(DSTI)

,

JDS Uniphase

(JDSU)

,

KongZhong

(KONG)

, and

Lifeway Foods

(LWAY) - Get Report

.

Apple's

highly anticipated

iPhone 5

will be available for pre-order on Sept. 12, according to an

iMore

report.

Google

(GOOG) - Get Report

is acquiring the Frommer's travel-guide business from

John Wiley & Sons

(JWB)

for a reported $25 million.

Peregrine Financial's

CEO Russell Wasendorf Sr. was indicted Monday on charges of lying to government regulators regarding the failed brokerage's operations.

Wasendorf could be sentenced to a maximum 155 years in prison and face fines of about $7.75 million.

Peregrine does business as

PFGBest

. It filed for bankruptcy last month.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

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