Wall Street ends with moderate gains

Dow Jones Industrial Average was up 0.26% or 32.01 points at 12534.67. Nasdaq Composite was up 0.63% or 17.9 points at 2854.06. Standard & Poor's 500 was up 0.48% or 6.27 points at 1319.99.

Economic data was a mixed bag, the Case-Shiller home price index improved on a month on month basis rising 0.7%, the data helped offset some damage for the markets.

The conference board's reading on consumer confidence meanwhile dipped for a fourth consecutive month to a low not seen since November.

In key data to watch out for in US today, the May pending home sales data is seen climbing back to positive territory after the sudden contraction in April. It is estimated to be up 1.2% compared to minus 5.5% in April.

Durable goods order for May is seen higher at 0.4% compared to the 0.2% reading in April.

In the currency space, the euro fell to two-week lows as Spanish bond yields rose and hopes faded that a european summit would make progress in resolving the region's debt crisis.

In commodities, Brent crude sees marginal losses in Asia trade after rising over 2% close to USD 93.

In precious metals, gold futures fell to 1,574 amid fears of deflation caused by disappointing US consumer confidence data and Europe's ongoing debt crisis.