Wall Street stock futures were little changed Tuesday, as investors await details on which of the largest banks in United States can repay government bailout loans.

U.S. Treasury officials are expected to announce today that up to 10 of the biggest U.S. banks have approval to repay their Troubled Asset Relief Program funds.

The U.S. Joint Economic Committee holds a hearing on TARP oversight at 10:00 ET.

In other economic news, data on U.S. wholesale inventories in April is due for release later this morning. Economists expect a drop of 1%.

There are no major economic releases from Statistics Canada today.

The Canadian dollar opened at US90.09¢, up 0.55 of a cent from Monday’s close.

In M&A news, Italian automaker Fiat says it won’t walk away from a deal to acquire a controlling stake in Chrysler despite a U.S. Supreme Court stay on the sale.

Fiat has the legal right to walk away from the deal if the sale is not completed by June 15.

Here at home, Guelph, Ont.-based Armtec Infrastructure Income Fund said late Monday it had reached a deal to acquire precast concrete manufacturer Pre-Con Inc. for about $48.4 million.

Vancouver-based Canasia Industries Corp. said Tuesday it has reached a tentative deal to purchase all outstanding shares of Mexican mining company Exploraciones Las Joyas S.A. de C.V.

Canasia shares ended Monday’s trade at 90¢ a share on the TSX Venture Exchange, giving the deal an estimated value of $7.2 million.

In other corporate news, Air Canada said late Monday that it has reached tentative deals on pension funding moratorium and collective agreement extension with three of its unions. The pension deal calls for a 21-month moratorium on pension funding, the company said.

In commodities news, light, sweet crude for July delivery was up 67¢ to US$68.76 a barrel by midday in Europe in electronic trading on the New York Mercantile Exchange.

In Asia, Japan’s Nikkei 225 closed 0.8% lower at 9,786.82 , while Hong Kong’s Hang Seng Index finished down 1.1% at 18,058.49.

In Europe, the UK’s FTSE 100 was up 0.5% to 4,428.5, Frankfurt’s DAX gained 0.7% to 5,039.9 and the CAC-40 Index in Paris was 0.8% higher at 3,317.3.

On Monday, the benchmark index of the Toronto Stock Exchange closed lower for the first time in three sessions as falling oil prices dragged down energy shares.

The S&P/TSX composite index closed down 20.17 points, or 0.2%, at 10,549.12, after falling as much as 188 points earlier in the day.

The junior S&P/TSX Venture composite index slipped 6.17 points, or 0.5%, to close at 1,131.82.

In New York, U.S. indices reversed earlier losses to finish flat.

The Dow Jones industrial average was up 1.44 points, to close at 8764.57, up 1.44 points. The broader S&P 500 slipped 0.95 of a point, or 0.1% to finish at closed at 939.14. The Nasdaq composite index fell 7.02 points, or 0.4%, to finish at 1,842.40.

IE