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Wake Up Wall Street: Investors Focus On Strong Economic Data

U.S. stock futures on Tuesday are rising following the long weekend and ahead of earnings reports from some retail heavyweights

This is what you need to know before the bell:

1. European private sector economic activity surged to its fastest pace in nearly six years, according to data published Tuesday by IHS Markit, as factories in Germany fuelled job creation and France's service sector boomed.

2. Shares of Kraft Heinz (KHC) - Get Kraft Heinz Company (KHC) Report  were down 3.3% in premarket trading on Tuesday after it agreed to withdraw its bid for Unilever (UL) - Get Unilever PLC Sponsored ADR Report  over the weekend.

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3. HSBC plc (HSBC) - Get HSBC Holdings PLC Sponsored ADR Report  share fell sharply in London Tuesday after Europe's biggest bank posted much lower-than-expected full-year earnings and increased its share buyback program Tuesday after taking a multi-billion dollar writedown on its European private banking assets.

4. An acquisition of Popeyes Louisiana Kitchen (PLKI)  could happen later this week, according to a report. Restaurant Brands International (QSR) - Get Restaurant Brands International Inc Report , the parent of Burger King and Tim Hortons, could announce a deal to buy Popeyes, the chain known for its deep-fried chicken, fries and buttermilk biscuits.