Stock futures up on sustained hopes for "fiscal cliff" deal


Stock futures rose on Tuesday, indicating equities could extend a rally that took them nearly two-months highs on growing optimism over a "fiscal cliff" deal.

* European shares <.FTEU3> rose 0.3 percent on Monday, while January crude futures were up 0.6 percent. The MSCI index of global stocks <.MIWD00000PUS> rose 0.2 percent.

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* While the cliff has been the primary driver for markets, tech shares will also be in view as Oracle Corp reports results after the market closes. The company is seen posting profit growth of more than 10 percent, but a 2.3 percent dip in revenue, according to Thomson Reuters data.

* Reporting quarterly results early on Tuesday, Sanderson Farms Inc posted a better-than-expected profit, helped by rising poultry prices. Jefferies Group is on tap to report later in the day.

* The New York Times late Monday reported that Wal-Mart Stores Inc's Mexican affiliate routinely used bribes to open stores in desirable locations. The story cited 19 instances of the retail giant paying off local officials. [ID:nL1E8NI1CW]In a statement Monday night, Wal-Mart spokesman David Tovar said the company was already looking into the allegations

(Editing by W Simon)