NEW YORK (TheStreet) -- U.S. stock futures were mixed after the producer price index for October came in higher than expected and as investors await the release of housing data.
Producer prices, excluding food and energy, rose 1.8% year over year, compared to forecasts that called for an increase of 1.5%. September PPI rose 1.6%.
Dow Jones Industrial Average futures were 0.02% higher, S&P 500 futures slipped 0.02% and Nasdaq futures were up just 0.01%.
The NAHB Housing Market Index for November is scheduled for 10 a.m. EST
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Unlike domestic indices, global markets were making big moves on Tuesday. Japan's Nikkei spiked more than 2% ahead of an expected announcement from Prime Minister Shinzo Abe that called for new elections and a delay in an unpopular sales tax increase to 2017. A day earlier, the world's third-largest economy unexpectedly dipped into recession in its third quarter, taking the Nikkei down 3%.
European markets were all higher after Germany's confidence indicator, the ZEW survey, showed an increase in sentiment in November, the first positive result for the year.
"The recent growth figures for the euro area suggest that the economy is stabilizing," said ZEW President Clemens Fuest in a release. "However, the economic environment remains fragile, not least due to ongoing geopolitical tensions."
Stateside, earnings were once again in focus as major retailers report their quarter before the season comes to a close.
Urban Outfitters (URBN) was tumbling more than 4% in premarket trading after missing profit estimates while comparable sales at its flagship brand slid 7%.