LONDON: U.S. stock futures rose moderately on Monday, ahead of factory-order data and Federal Reserve speeches, though gains were tempered by more weak data out of China.
Futures for the Dow Jones Industrial Average YMM5, +0.23% rose 48 points, or 0.2%, to 17,982, while those for the S&P 500 index ESM5, +0.14% added 4.65 points to 2,106. Futures for the Nasdaq-100 NQM5, +0.09% rose 5 points to 4,472.75.
The German DAX 30 index DAX, +1.02% was up 1%, leading gains for European stocks after the release of robust manufacturing data for the eurozone. London markets are closed for a holiday.
China’s Shanghai Composite Index SHCOMP, +0.87% meanwhile, closed higher on Monday, recovering from earlier losses after data showed the country’s manufacturing activity slowed more sharply than forecast. Tokyo markets were closed for a holiday.
Nonfarm payrolls week: The only piece of U.S. data for Monday is factory orders, scheduled for 10 a.m. Eastern Time. Forecasters are calling for a rise of around 2.4% in March, after a gain of 0.2% in February broke a six-month streak of declines.
