Investing.com - U.S. stock futures pointed to a higher open in subdued trade on Monday, supported by growing expectations that the Federal Reserve will hold the current level of its montly asset purchases for an extended period of time.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.31% increase, S&P 500 futures signaled a 0.14% rise, while the Nasdaq 100 futures indicated a 0.11% gain.
U.S. equities found support last week amid heightened expectations that the Fed will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus.
Tech stocks were expected to be active, as Google was said to be opening showrooms in six U.S. cities to promote its latest products and boost retail efforts against Apple and Microsoft as the year-end holiday shopping season gets under way.
Google shares were still down 0.09% in pre-market trade. Last week, a federal judge in New York ruled that the Google Books project doesn’t violate copyright law, dismissing an eight-year-old lawsuit against the search-engine company.
Boeing was also likely to be in focus after the aircraft manufacturer kicked off the Dubai Air Show on Sunday by announcing 259 orders for its new 777X, totaling over USD95 billion at list prices.
Elsewhere, Exxon Mobil was up 1.29% in early trading, after Berkshire Hathaway reported on froday a stake in the oil and gas giant valued at about USD3.7 billion, as Warren Buffett’s company disclosed its largest new holding since International Business Machines in 2011.
Other stocks expected to be in focus included Tyson Foods, scheduled to report earnings later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 gained 0.58%, France’s CAC 40 rose 0.33%, Germany's DAX gained 0.46%, while Britain's FTSE 100 added 0.29%.
During the Asian trading session, Hong Kong's Hang Seng Index surged 2.73%, while Japan’s Nikkei 225 Index dipped 0.01%.
In addition, China late Friday released a reform plan that called for opening the financial sector to more foreign investment and a revamp of initial public offerings, particularly for state-owned companies.
The document came after the Chinese Communist Party leadership ended a meeting on Tuesday last week with only abroad outline of reform plans.
Later in the day, the U.S. was to release private sector data on the outlook for the housing sector.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.31% increase, S&P 500 futures signaled a 0.14% rise, while the Nasdaq 100 futures indicated a 0.11% gain.
U.S. equities found support last week amid heightened expectations that the Fed will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus.
Tech stocks were expected to be active, as Google was said to be opening showrooms in six U.S. cities to promote its latest products and boost retail efforts against Apple and Microsoft as the year-end holiday shopping season gets under way.
Google shares were still down 0.09% in pre-market trade. Last week, a federal judge in New York ruled that the Google Books project doesn’t violate copyright law, dismissing an eight-year-old lawsuit against the search-engine company.
Boeing was also likely to be in focus after the aircraft manufacturer kicked off the Dubai Air Show on Sunday by announcing 259 orders for its new 777X, totaling over USD95 billion at list prices.
Elsewhere, Exxon Mobil was up 1.29% in early trading, after Berkshire Hathaway reported on froday a stake in the oil and gas giant valued at about USD3.7 billion, as Warren Buffett’s company disclosed its largest new holding since International Business Machines in 2011.
Other stocks expected to be in focus included Tyson Foods, scheduled to report earnings later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 gained 0.58%, France’s CAC 40 rose 0.33%, Germany's DAX gained 0.46%, while Britain's FTSE 100 added 0.29%.
During the Asian trading session, Hong Kong's Hang Seng Index surged 2.73%, while Japan’s Nikkei 225 Index dipped 0.01%.
In addition, China late Friday released a reform plan that called for opening the financial sector to more foreign investment and a revamp of initial public offerings, particularly for state-owned companies.
The document came after the Chinese Communist Party leadership ended a meeting on Tuesday last week with only abroad outline of reform plans.
Later in the day, the U.S. was to release private sector data on the outlook for the housing sector.