Investing.com - U.S. stock futures pointed to a higher open on Monday, as investors eyed the release of key U.S. jobs data later in the week for further indications on whether the Federal Reserve could begin tapering its stimulus program sooner than expected.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.23% rise, S&P 500 futures signaled a 0.24% gain, while the Nasdaq 100 futures indicated a 0.39% increase.
Unexpectedly strong U.S. manufacturing data on Friday added to expectations that the Federal Reserve could start to taper its stimulus program as soon as next month.
Federal Reserve Bank of Dallas President Richard Fisher said Monday that the recent fiscal standoff in Washington counteracted the role of the Fed’s easy money policies in the economic recovery. The comments came during a speech in Sydney.
Berkshire Hathaway was expected to be active after sayin on Friday that third-quarter profit jumped 29%, thanks to investments and gains at non-insurance businesses including railroad Burlington Northern Santa Fe.
BlackBerry was also likely to be in focus, following news Fairfax has until 5 p.m. in Toronto to come up with a more definitive offer for the Canadian smartphone maker, following the preliminary takeover proposal it made six weeks ago.
Blackberry shares surged 2.96% in pre-market trade.
Also in company news, private equity firm Blackstone Group reportedly agreed to buy a 40% stake in Chinese shopping mall developer and operator SCP Co.
In the financial sector, JPMorgan Chase said the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
Other stocks likely to be in focus included Tenet Healthcare, Anadarko Petroleum, Marathon Oil and Plains All American, all scheduled to report quarterly earnings later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 added 0.24%, France’s CAC 40 rose 0.22%, Germany's DAX gained 0.29%, while Britain's FTSE 100 climbed 0.41%.
During the Asian trading session, Hong Kong's Hang Seng Index fell 0.26%, while Japan’s Nikkei 225 Index remained closed for a public holiday.
Later in the day, the U.S. was to release data on factory orders.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.23% rise, S&P 500 futures signaled a 0.24% gain, while the Nasdaq 100 futures indicated a 0.39% increase.
Unexpectedly strong U.S. manufacturing data on Friday added to expectations that the Federal Reserve could start to taper its stimulus program as soon as next month.
Federal Reserve Bank of Dallas President Richard Fisher said Monday that the recent fiscal standoff in Washington counteracted the role of the Fed’s easy money policies in the economic recovery. The comments came during a speech in Sydney.
Berkshire Hathaway was expected to be active after sayin on Friday that third-quarter profit jumped 29%, thanks to investments and gains at non-insurance businesses including railroad Burlington Northern Santa Fe.
BlackBerry was also likely to be in focus, following news Fairfax has until 5 p.m. in Toronto to come up with a more definitive offer for the Canadian smartphone maker, following the preliminary takeover proposal it made six weeks ago.
Blackberry shares surged 2.96% in pre-market trade.
Also in company news, private equity firm Blackstone Group reportedly agreed to buy a 40% stake in Chinese shopping mall developer and operator SCP Co.
In the financial sector, JPMorgan Chase said the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
Other stocks likely to be in focus included Tenet Healthcare, Anadarko Petroleum, Marathon Oil and Plains All American, all scheduled to report quarterly earnings later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 added 0.24%, France’s CAC 40 rose 0.22%, Germany's DAX gained 0.29%, while Britain's FTSE 100 climbed 0.41%.
During the Asian trading session, Hong Kong's Hang Seng Index fell 0.26%, while Japan’s Nikkei 225 Index remained closed for a public holiday.
Later in the day, the U.S. was to release data on factory orders.