Wall Street futures are indicating a positive opening to Tuesday’s trading. Yesterday’s report from chip maker Texas Instruments may perk up the tech sector.

Texas Instruments says strong demand for many of its semiconductor products is continuing.

There are no major economic news releases from Canada or the U.S. today.

European indexes are down sharply after Volkswagen announced thousands of job cuts to save costs. The car company also said first-quarter earnings will be “miserable.”

London’s FTSE100 Share Index is down 0.38% at 4,536.70. The Paris CAC40 Index is 0.83% lower at 3,750.13. Frankfurt’s Xetra Dax Index is down 0.95% at 4,106.53.

Asian stock markets closed mixed. Tokyo’s Nikkei Stock Average of 225 issues rose 29.18 points, or 0.25%, to 11,532.04 points. In Hong Kong, the Hang Seng Index fell 176.29 points, or 1.3%, to 13,397.25.

After markets closed Monday, Rogers Cable Inc. said it is issuing US$350 million worth of 10-year notes, with most of the proceeds to be used to pay other debts. O&Y Real Estate Investment Trust is issuing $125 million worth of new units to the public to fund two previously announced acquisitions. The real estate investment trust plans to sell 9.3 million units at $13.45 each.

Toronto’s S&P/TSX composite index closed down 43.83 points at 8,801.21. New York’s Dow Jones industrial average was off 66.07 at 10,529.48. The Nasdaq composite index moved lower by 38.85 points or 1.9% to 2,008.78 and the S&P 500 index edged down 9.66 points to 1,147.21.