Stock index futures pointed to a higher open on Wall Street on Monday with futures for the S&P 500 up 0.42 percent, Dow Jones futures up 0.17 percent and Nasdaq 100 futures up 0.16 percent at 3:55 a.m. ET.

Hewlett-Packard Co will be in the spotlight following CEO Mark Hurd's resignation on Friday after an investigation found that he had falsified expense reports to conceal a close personal relationship with a female contractor, sending the HP stock down 10 percent in extended trading. The woman whose sexual harassment accusation against Hurd led to his ouster came forward on Sunday, saying she never intended for Hurd to lose his job. Shares of the company traded in Frankfurt were down 3.7 percent.

Apple will also be in focus after news that Mark Papermaster, the company's executive in charge of iPhone engineering, has left the firm weeks after the Antennagate controversy over complaints of poor reception on the company's latest smartphone.

Shares of Research in Motion will also be in the spotlight after a Saudi official said on Sunday the BlackBerry maker and Saudi mobile firms were testing three servers to send communications and data through Saudi Arabia before Canada to address Riyadh's concerns over security.

European shares were up 1.3 percent in morning trade on Monday, rebounding from Friday's sharp slide, with miners climbing on the back of firmer metal prices.

The dollar fell against the yen on Monday, slipping toward a 15-year low after a disappointing U.S. July payrolls report boosted talk the Federal Reserve could consider further easing monetary policy as early as this week.

Following its meeting on Tuesday, the Fed is widely expected to renew its vow to keep rates near zero for an extended period and markets will watch closely for signs officials are growing more concerned the recovery is at risk or that there is danger of falling into a damaging vicious cycle of falling prices and slowing growth.

U.S. stocks fell on Friday after government data showed a larger-than-expected drop in July payrolls, but major indexes closed well above the day's lows.

The Dow Jones industrial average <.DJI> dropped 21.42 points, or 0.20 percent, to 10,653.56. The Standard & Poor's 500 Index <.SPX> shed 4.17 points, or 0.37 percent, to 1,121.64. The Nasdaq Composite Index <.IXIC> lost 4.59 points, or 0.20 percent, to 2,288.47. For the week, the Dow and the S&P 500 each rose 1.8 percent, while the Nasdaq advanced 1.5 percent.

(Reporting by Blaise Robinson; Editing by Hans Peters)

Canada Mark Hurd Apple inc. HP