Investing.com - U.S. stock futures pointed to a higher open on Monday, as news that Cyprus secured an international bailout, preventing the country’s exit from the euro zone, supported market sentiment.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.21% rise, S&P 500 futures signaled a 0.36% increase, while the Nasdaq 100 futures indicated a 0.49% gain.
Early Monday, euro zone finance ministers approved a EUR10 billion international bailout for Cyprus that will see the closure of the country’s second largest lender Laiki Bank and inflict heavy losses deposits of more than EUR100,000.
However, all bank deposits under EUR100,000 will be "fully guaranteed".
Investors remained cautious however, as concerns over the economic outlook for the euro zone and political uncertainty in Italy weighed.
Dell was expected to be in focus, as a special committee of the company's board was said to be evaluating separate takeover proposals from Blackstone Group and billionaire investor Carl Icahn to decide whether either or both are likely to trump an existing USD24.4 billion take-private deal.
Dell shares surged 3.32% in pre-market trade.
Financial stocks were also expected to be active, amid reports Bank of America Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires under a new compensation policy.
Shares in the U.S. lender jumped 1.27% in early trading.
Among earnings, Dollar General was up 4.15% pre-market after the discount retailer posted earnings that beat expectations and said this year's sales growth could top the strength it saw in 2012.
Separately, Apollo Group soared 8.16% in pre-market trade after the for-profit education company posted a better-than-expected profit and reaffirmed its full-year forecast.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 jumped 1.08%, France’s CAC 40 rallied 1.17%, Germany's DAX climbed 1.15%, while Britain's FTSE 100 advanced 0.82%.
During the Asian trading session, Hong Kong's Hang Seng Index gained 0.61%, while Japan’s Nikkei 225 Index surged 1.69%.
Investors were looking ahead to a speech by Federal Reserve Chairman Ben Bernanke later in the trading day.
Last week, the U.S. central bank announced that it will leave monetary policy unchanged in spite of recent signs that the U.S. recovery is gaining traction.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.21% rise, S&P 500 futures signaled a 0.36% increase, while the Nasdaq 100 futures indicated a 0.49% gain.
Early Monday, euro zone finance ministers approved a EUR10 billion international bailout for Cyprus that will see the closure of the country’s second largest lender Laiki Bank and inflict heavy losses deposits of more than EUR100,000.
However, all bank deposits under EUR100,000 will be "fully guaranteed".
Investors remained cautious however, as concerns over the economic outlook for the euro zone and political uncertainty in Italy weighed.
Dell was expected to be in focus, as a special committee of the company's board was said to be evaluating separate takeover proposals from Blackstone Group and billionaire investor Carl Icahn to decide whether either or both are likely to trump an existing USD24.4 billion take-private deal.
Dell shares surged 3.32% in pre-market trade.
Financial stocks were also expected to be active, amid reports Bank of America Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires under a new compensation policy.
Shares in the U.S. lender jumped 1.27% in early trading.
Among earnings, Dollar General was up 4.15% pre-market after the discount retailer posted earnings that beat expectations and said this year's sales growth could top the strength it saw in 2012.
Separately, Apollo Group soared 8.16% in pre-market trade after the for-profit education company posted a better-than-expected profit and reaffirmed its full-year forecast.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 jumped 1.08%, France’s CAC 40 rallied 1.17%, Germany's DAX climbed 1.15%, while Britain's FTSE 100 advanced 0.82%.
During the Asian trading session, Hong Kong's Hang Seng Index gained 0.61%, while Japan’s Nikkei 225 Index surged 1.69%.
Investors were looking ahead to a speech by Federal Reserve Chairman Ben Bernanke later in the trading day.
Last week, the U.S. central bank announced that it will leave monetary policy unchanged in spite of recent signs that the U.S. recovery is gaining traction.