U.S. stock futures rose Tuesday, after the major averages snapped a three-day decline, as traders await key inflation data slated for release later in the week. S&P 500 futures and Nasdaq-100 futures nudged higher by 0.2%. Dow Jones Industrial Average futures were up 117 points, or 0.3%. Investors are coming off a positive session for the major averages. On Monday, the Dow Jones Industrial Average gained 209.52 points, or 0.62%, while the S&P 500 advanced 0.24%. The Nasdaq Composite lagged, rising just 0.18%. The June consumer price index report set for release Wednesday, as well as the June producer price index due out Thursday, will shed light on whether the decline in inflation has continued, and create the backdrop for future direction of interest rates. Investors have penciled in another quarter-point increase at the Federal Reserve’s July 25-26 meeting. But they are undecided about what the central bank will do at its September meeting after last week’s continued robust jobs data raised concern that policymakers will revert to raising rates following the June pause. “The pause, agree or disagree, is to gather more information,” Solus Alternative Asset Management’s Dan Greenhaus said Monday on CNBC’s “Closing Bell.” He added, “One more hike or two more hikes is much less important than when, ultimately, they begin to cut rates on the other side of this. That’s much more consequential for, I think, the risk landscape than one more hike or two more hikes.” On the economic front, June’s NFIB Small Business Index, a measure of business confidence, is set for release Tuesday before the bell. Economists polled by Dow Jones are anticipating a reading of 90.0, slightly higher than the 89.4 level in May. Second-quarter earnings season kicks off later this week with results from “systemically important financial institutions” such as JPMorgan Chase, Wells Fargo and Citigroup, plus BlackRock, PepsiCo and Delta Air. Dow component UnitedHealth reports Friday. Asia-Pacific markets rose on Tuesday, tracking moves on Wall Street as U.S. markets snapped a three-day losing streak. In Australia, the S&P/ASX 200 climbed 1.50% and closed at 7,108.9, snapping a five day loss streak and marking its largest one day gain in about seven months. Japan’s Nikkei 225 also snapped five straight days of losses to close fractionally higher at 32,203.57, while the Topix saw a decline of 0.31 and ended at 2,236.4. South Korea’s Kospi rose 1.66%, ending at 2,562.49 and saw its largest one day gain since February, while the Kosdaq was closed 2.13% higher at 878.73 as investors looked ahead to the Bank of Korea’s rate decision later in the week. Hong Kong’s Hang Seng index extended its gains from Monday, rising 1%, while mainland Chinese markets were also all up. The Shanghai Composite gained 0.55% to close at 3,221.36 and the Shenzhen Component was up 0.79% to end at 11,028.68. Oil prices edged higher on Tuesday supported by supply cuts by the world’s biggest oil exporters and continued hopes for higher demand in the developing world in the second half of 2023. Brent crude futures were up 39 cents, or 0.5%, to $78.08 a barrel, and U.S. West Texas Intermediate crude was up 41 cents, or 0.56%, at $73.40. Supply cuts by top exporters Saudi Arabia and Russia set for August helped to lift the benchmark prices, which were also supported as the U.S. dollar fell to a two-month low. Gold prices climbed to a near three-week high on Tuesday as the dollar slipped to a two-month low, while investors positioned for the U.S. inflation data that could have a bearing on the Federal Reserve’s rate hike path. Spot gold rose 0.6% to $1,937.78 per ounce. U.S. gold futures gained 0.65% to $1,943.50.