U.S. Markets to Open Higher

U.S. and Brent crude oil, as well as gold, rallied overnight, following weeks of declines. This helped mining and commodity stocks post strong gains early on Tuesday, with an additional boost coming from reports that the Chinese central bank might cut bank reserve requirements.
Reuters reported early on Tuesday that the People's Bank of China might unveil a cut to banks' reserve requirements on the back of recent weak economic data.  China mainland shares closed at a fresh three-year peak, resuming their gains after snapping a seven-session winning streak on Monday. Official factory activity data earlier this week fell to an eight-month low, prompting talk of further stimulus.  If you want to play the China large cap stocks, you can go long the ETF FXI.
In the U.S. on Monday,  New York Federal Reserve President William Dudley said falling oil prices would boost income growth in the U.S. This echoed words from International Monetary Fund Managing Director Christine Lagarde, who said on Monday that lower energy prices would help accelerate economic growth to 3.5 percent next year, according to the Wall Street Journal.
No major earnings are due on Tuesday. Economic data out include construction spending for October, which is expected to increase.