US Stocks Suggest Significantly Higher Open Despite Crimea Concerns; Industrial Production Data To Be Watched

Stocks look set for a positive open Monday despite the ongoing crisis in Crimea.

Futures on the Dow Jones Industrial Average were up 0.51 percent and futures on the S&P 500 were up 0.5 percent while those on the Nasdaq were up 0.61 percent. Data on industrial production is due at 9:15 a.m. EDT.

In Europe, markets rallied despite concerns about Ukraine and a dip in inflation, with the Stoxx Europe 600 index up 0.59 percent and the FTSE 100 up 0.35 percent. Germany’s DAX-30 was up 0.61 percent while France's CAC-40 rose 0.57 percent.

In Asia, markets were more mixed with Japan's Nikkei-225 ending down 0.35 percent while Australia’s S&P/ASX 200 fell 0.22 percent. Hong Kong’s Hang Seng dropped 0.3 percent while the Shanghai Composite rose 0.96 percent and South Korea’s Kospi was up 0.4 percent. Indian markets were closed for a holiday.

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