UPDATED 7:10 ET

STOCKS – European stocks rose, following their biggest drop in more than two weeks, as investors awaited American data to gauge whether the world’s largest economy has rebounded from the harsh winter. U.S. index futures and Asian shares were little changed.

BONDS – Treasury short-term notes were the cheapest in almost four years versus their global peers before the U.S. sells $32 billion of two-year debt today.

COMMODITIES – Crude Oil reached $100 a barrel before the release of data forecast to show crude stockpiles rose for a 10th week in the U.S., the world’s biggest oil consumer.

CURRENCIES – The euro fell against the yen after a German report showed business confidence dropped for the first time in five months, damping demand for the region’s currency.

ECONOMIC DATA – US New Home Sales and CB Consumer Confidence due at 8:30, ECB President Draghi Speaks at 12:00 ET.