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Greece on Tuesday on a 1.6 billion euro repayment to the
International Monetary Fund.
Tsipras has sent a letter to the creditors outlining conditions
for Athens' acceptance of a loan offer. Euro zone officials said
some governments would find it hard to accept the conditions.
"Investors are taking a collective sigh of relief that an
armageddon type of scenario did not occur with respect to
Greece," said Adam Sarhan, chief executive of Sarhan Capital in
New York.
"The markets are also rallying from deeply oversold level."
U.S. private employers added 237,000 jobs in June, the biggest
gain since December, suggesting further improvement in the jobs
market.
The Institute for Supply Management will release its June
manufacturing data at 10:00 a.m. ET. The data is expected to
show an increase in manufacturing activity for the month.
Investors have been keeping a close eye on data for cues on when
U.S. Federal Reserve will raise interest rates.
The Dow Jones Industrial Average has fallen 1.1 percent so far
this year, while the S&P 500 has remained largely
unchanged.
S&P 500 e-minis were up 16.25 points, or 0.79 percent, with
270,800 contracts traded. Nasdaq 100 e-minis were up 37.5
points, or 0.85 percent, on volume of 38,667 contracts. Dow
e-minis were up 160 points, or 0.91 percent, with 36,902
contracts changing hands.
Insurer Chubb's shares jumped 33.3 percent to $126.89 in
premarket trading after ACE said it would buy Chubb for $28.3
billion in cash and stock. Ace was up 8.5 percent.
Greenbrier <GBX.N> fell 4 percent to $44.90 after the company
reported a lower-than-expected quarterly profit, partly due to a
decline in scrap metal prices.
Casino stocks were poised for a second straight day of gains
following better-than-expected monthly gaming revenue in Macau.
Wynn Resorts and Las Vegas Sands were both up about 3 percent.
Melco Crown was up 4.4 percent.
(Additional reporting by Siddharth Cavale in Bengaluru; Editing
by Saumyadeb Chakrabarty)
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