Investing.com - U.S. stock futures pointed to a higher open on Monday, after German Chancellor Angela Merkel and French President Nicolas Sarkozy said a plan to counter the effects of the region's debt crisis would be unveiled by the end of the month.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 1.18%, S&P 500 futures signaled a 1.29% increase, while the Nasdaq 100 futures indicated an advance of 1.41%.
After a meeting in Berlin in Sunday, Merkel and Sarkozy pledged to present a "comprehensive package" of measures to tackle the financial crisis in the single currency bloc.
The measures should include plans for the recapitalization of European banks as well as a sustainable solution to Greece's debt crisis and new ways to enhance coordination on budget policies between euro zone members.
Technology companies were among the top gainers, with shares in United Technologies rising 0.68% and IBM gaining 0.39%, while Microchip Technology jumped 1.17% after Barron’s said the shares may rise to USD40 as the company continues to profit and pay dividends amid difficult economic conditions.
On the downside, shares in the financial sector dropped, as banks braced for the upcoming third quarter earnings.
Shares in Bank of America plunged 6.05% and JP Morgan tumbled 5.19%, while Goldman Sachs and Citigroup plummeted 5.35% and 5.34% respectively.
Elsewhere, Superior Energy Services fell 3.11%, after agreeing to buy Complete Production Services Inc. in a cash-and-stock deal valued at USD2.7 billion, creating an entity that could expand its footprint in the oil-field services sector. Shares in Complete Production Services were down 0.73%.
Other stocks in focus included Alcoa and JP Morgan Chase, Pepsico and Google, all due to report quarterly financial results later this week.
Across the Atlantic, European stock markets were broadly higher. The EURO STOXX 50 rose 0.64%, France’s CAC 40 climbed 0.96%, Germany's DAX jumped 0.50%, while Britain's FTSE 100 posted a 0.99% increase.
During the Asian trading session, Hong Kong's Hang Seng Index dropped 1.2%, while Japan’s Nikkei 225 Index was closed for a public holiday.
In the U.S., government offices and bond markets were to remain closed for the Columbus Day holiday, although US stock markets were to be open.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 1.18%, S&P 500 futures signaled a 1.29% increase, while the Nasdaq 100 futures indicated an advance of 1.41%.
After a meeting in Berlin in Sunday, Merkel and Sarkozy pledged to present a "comprehensive package" of measures to tackle the financial crisis in the single currency bloc.
The measures should include plans for the recapitalization of European banks as well as a sustainable solution to Greece's debt crisis and new ways to enhance coordination on budget policies between euro zone members.
Technology companies were among the top gainers, with shares in United Technologies rising 0.68% and IBM gaining 0.39%, while Microchip Technology jumped 1.17% after Barron’s said the shares may rise to USD40 as the company continues to profit and pay dividends amid difficult economic conditions.
On the downside, shares in the financial sector dropped, as banks braced for the upcoming third quarter earnings.
Shares in Bank of America plunged 6.05% and JP Morgan tumbled 5.19%, while Goldman Sachs and Citigroup plummeted 5.35% and 5.34% respectively.
Elsewhere, Superior Energy Services fell 3.11%, after agreeing to buy Complete Production Services Inc. in a cash-and-stock deal valued at USD2.7 billion, creating an entity that could expand its footprint in the oil-field services sector. Shares in Complete Production Services were down 0.73%.
Other stocks in focus included Alcoa and JP Morgan Chase, Pepsico and Google, all due to report quarterly financial results later this week.
Across the Atlantic, European stock markets were broadly higher. The EURO STOXX 50 rose 0.64%, France’s CAC 40 climbed 0.96%, Germany's DAX jumped 0.50%, while Britain's FTSE 100 posted a 0.99% increase.
During the Asian trading session, Hong Kong's Hang Seng Index dropped 1.2%, while Japan’s Nikkei 225 Index was closed for a public holiday.
In the U.S., government offices and bond markets were to remain closed for the Columbus Day holiday, although US stock markets were to be open.