Investing.com - U.S. stock futures pointed to a mixed open on Monday, as signs of progress on the euro zone front supported sentiment, although investors remained cautious amid ongoing U.S. budget negociations.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.15% rise, S&P 500 futures signaled a 0.21% gain, while the Nasdaq 100 futures indicated a 0.17% fall.
Sentiment remained supported amid signs of headway in dealing with the debt crisis in the region after finance ministers agreed a deal on rules for supervising banks.
Ministers also released EUR49.1 billion of financial aid for Greece, after the country completed a scheme to buy back its debt from private investors last week.
Meanwhile, investor focus shifted back to negotiations to avoid the U.S. fiscal cliff following the central bank announcement, amid concerns that the automatic tax hikes and spending cuts due to take effect on January 1st could derail the U.S. recovery.
The software sector was expected to be in focus, amid reports Google may not face any major repercussions from the Federal Trade Commission's anti-trust investigation into its web search business.
Tech stocks were also likely to be active, after Citigroup cut its recommendation on Apple to neutral from buy, saying a reduction in orders to its vendors raised concerns about demand for the iPhone 5.
Separately, networking equipment company Cisco Systems was said to have hired Barclays to sell its Linksys home router unit.
Elsewhere in company news, insurance company American International Group may raise as much as USD6.5 billion from the sale of its remaining stake in AIA Group in Asia's second-largest block sale ever.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 fell 0.29%, France’s CAC 40 dropped 0.36%, Germany's DAX dipped 0.01%, while Britain's FTSE 100 declined 0.44%.
During the Asian trading session, Hong Kong's Hang Seng Index dropped 0.41%, while Japan’s Nikkei 225 Index climbed 0.94%.
Later in the day, the U.S. was to publish official data on manufacturing activity in New York State, as well as a report on the balance of domestic and foreign investment in U.S. securities.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.15% rise, S&P 500 futures signaled a 0.21% gain, while the Nasdaq 100 futures indicated a 0.17% fall.
Sentiment remained supported amid signs of headway in dealing with the debt crisis in the region after finance ministers agreed a deal on rules for supervising banks.
Ministers also released EUR49.1 billion of financial aid for Greece, after the country completed a scheme to buy back its debt from private investors last week.
Meanwhile, investor focus shifted back to negotiations to avoid the U.S. fiscal cliff following the central bank announcement, amid concerns that the automatic tax hikes and spending cuts due to take effect on January 1st could derail the U.S. recovery.
The software sector was expected to be in focus, amid reports Google may not face any major repercussions from the Federal Trade Commission's anti-trust investigation into its web search business.
Tech stocks were also likely to be active, after Citigroup cut its recommendation on Apple to neutral from buy, saying a reduction in orders to its vendors raised concerns about demand for the iPhone 5.
Separately, networking equipment company Cisco Systems was said to have hired Barclays to sell its Linksys home router unit.
Elsewhere in company news, insurance company American International Group may raise as much as USD6.5 billion from the sale of its remaining stake in AIA Group in Asia's second-largest block sale ever.
Across the Atlantic, European stock markets were lower. The EURO STOXX 50 fell 0.29%, France’s CAC 40 dropped 0.36%, Germany's DAX dipped 0.01%, while Britain's FTSE 100 declined 0.44%.
During the Asian trading session, Hong Kong's Hang Seng Index dropped 0.41%, while Japan’s Nikkei 225 Index climbed 0.94%.
Later in the day, the U.S. was to publish official data on manufacturing activity in New York State, as well as a report on the balance of domestic and foreign investment in U.S. securities.