Stocks are indicated higher amid strength in overseas markets and a round of mostly positive stock news Tuesday. Thirty minutes before the opening bell on Wall Street, stock index futures hint at a possible 60 or 70-point early gain for the Dow Jones Industrial Average.

Hopes that the European Union will soon announce a rescue package for Greece helped lift European markets and the euro Tuesday. Those hopes were fanned by news ECB president Trichet will leave an event in Australia sooner than expected to attend a European Council meeting Thursday.

Major averages are broadly higher across Europe. A .6 percent gain in UK’s FTSE is pacing the advance. Trading in Asia finished mixed. While Tokyo’s Nikkei lost .2 percent, Hong Kong’s Hang Seng rallied 1.2 percent.

In the US, the economic calendar remains light. A report on wholesale inventories, generally not a market mover, is due out at 10:00 a.m. eastern time. Economists expect to see a .5 percent increase for December.

Bonds are lower ahead of the news and amid diminishing concerns about Europe’s credit markets. The benchmark ten-year Treasury is down 9/32nd and now yields 3.59 percent.

The dollar edged up .21 to 89.51 against the Japanese yen. The euro jumped .0084 to 1.3734 against the buck.

Some of the metals, miners, and energy names might see relative strength after crude added 62 cents to $72.51 a barrel and gold gained $7.8 to $1074 an ounce.

Meanwhile, Coca Cola (KO) will help the Dow Jones Industrial Average in early trading. KO gained 1.7 percent after reporting a quarterly profit of 66 cents per share, which missed Street estimates by a penny, but revenues topped expectations. Caterpillar (CAT) will also help the Dow after Morgan Stanley upgraded the stock to Overweight. Shares gained 3.5 percent. However, Electronic Arts (ERTS) is seen weighing on the tech sector. Shares are down 7.6 percent after the company reported better than expected earnings for the most recent quarter, but guided estimates lower for the next. Dow component Disney (DIS) might see action ahead of earnings, due out after the closing bell.