July 22 Premarket Briefing: 10 Things You Should Know

Here are 10 things you should know for Tuesday, July 22:

1. -- U.S. stock futures were rising Tuesday ahead of data on inflation and housing and a bevy of corporate earnings reports.

European stocks rebounded, as EU foreign ministers gathered in Brussels to discuss whether to increase sanctions against Russia and as investors took heart from bullish corporate earnings. Asian indices also rose.

2. -- The economic calendar in the U.S. on Tuesday includes the Consumer Price Index for June at 8:30 a.m. EDT, the FHFA Housing Price Index for May at 8:30 a.m., and existing home sales for June at 10 a.m.

3. -- U.S. stocks on Monday closed lower but recovered from deep losses suffered over the morning session, a product of geopolitical tensions in Ukraine and the Gaza Strip. 

The Dow Jones Industrial Average fell 0.28% to 17,051. The S&P 500 declined 0.23% to 1,973.63. The Nasdaq slipped 0.17% to 4,424.7. 

TheStreet's Jon Marino has Tuesday's Global Markets Report:


WATCH: More market update videos on TheStreet TV

4. -- Apple (AAPL) is expected by Wall Street to report on Tuesday fiscal third-quarter earnings of $1.23 a share on revenue of $37.99 billion.

Investors will be watching Apple to see whether iPhone sales remain strong ahead of what could be Apple's biggest product ever, a larger iPhone coming in the fall.

The Wall Street Journal, citing people familiar with the matter, reported that Apple is asking suppliers to manufacture between 70 million and 80 million units combined of two large-screen iPhones with 4.7-inch and 5.5-inch displays by Dec. 30.

Apple shipped shipped 43.7 million iPhones in the second quarter ended March 30. The tech giant earned $11.62 a share in the quarter on sales of $45.6 billion.

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