Updated from 12:44 a.m. EDT
Asian stocks closed mixed Tuesday, while Japan's benchmark index rose for a third-straight session as the country moved to stimulate its economy.
Shares of energy companies, banks and insurers advanced.
Japan's Nikkei 225 stock average rose 3.3% to 9306.25. 170.27. Japan's ruling parties have agreed to a stimulus package to jump start the nation's economy, according to reports. The package will include certain tax cuts, including an expansion of a tax cut for households paying mortgages.
The Hang Seng index in Hong Kong closed 2.2% lower, while the S&P/ASX 200 index in Australia rose 3.9%.
Stocks in Europe were trading higher. The FTSE 100 index in London rose 0.2%, while the DAX in Frankfurt rose 0.9%. France announced Tuesday it plans to inject $14 billion in its banks.
Futures in the U.S. were indicating a lower open for stocks on Wall Street Tuesday. Futures on the
fell 10.40 points to 986.26, and were 6.26 points below fair value.
futures fell 16.50 points to 1343.50, and were 14.87 points below fair value.
Stocks in the U.S. rose Monday after
Chairman Ben Bernanke said that calming the financial markets would not immediately resolve all the problems faced by the broader economy and voiced approval for a new economic stimulus package.
Dow Jones Industrial Average
finished up 413.21 points, or 4.7%, at 9265.43, and the S&P 500 added 44.85 points, or 4.8%, to 985.40. Nasdaq climbed 58.74 points, or 3.4%, to 1770.03.