Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.17 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.27 percent.
M&A activity will be in focus on Monday, after France's Sanofi-Aventis
Shares of Genzyme traded in Frankfurt
German chipmaker Infineon
Oil stayed near an eight-day high above $75 on Monday as sustained momentum from Federal Reserve Chairman Ben Bernanke's speech last week boosted Asian stock markets.
Japan's Nikkei average pared gains to close near its day's lows on Monday after rising more than 3 percent at one point, with investors disappointed by a Bank of Japan decision that contained no surprises and was seen as lackluster at best.
European stocks were up 0.3 percent in morning trade, gaining ground for the third consecutive session and tracking gains in Asian stocks and commodity prices on recovering risk appetite in the wake of Bernanke's comments.
On the macro front, investors awaited July personal income and consumption data as well as the core PCE data, all due at 1230 GMT (8:30 a.m. EDT).
Stocks rebounded to post their best gains in nearly four weeks on Friday, overcoming initial skittishness brought on by a revenue warning from Intel and dour comments from Federal Reserve Chairman Ben Bernanke.
The Dow Jones industrial average <.DJI> gained 164.84 points, or 1.65 percent, to 10,150.65. The Standard & Poor's 500 Index <.SPX> jumped 17.37 points, or 1.66 percent, to 1,064.59. The Nasdaq Composite Index <.IXIC> climbed 34.94 points, or 1.65 percent, to 2,153.63.
(Reporting by Blaise Robinson; Editing by Mike Nesbit)