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Futures Suggest Wall Street To Open Higher

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There are only a few economic announcements on Monday. Major corporates such as Wal-Mart, Home Depot Cisco and J.C. Penney are scheduled to report this week.

U.S. photocopier giant Xerox's new tie-up with activist investors Carl Icahn and Darwin Deason and subsequent pulling out of a $6.1 billion deal to be taken over by Fujifilm is closely watched by the investors.

Asian shares closed higher and European shares are trading mostly in the red.

As of 7.15 am ET, the Dow futures were adding 72.00 points, the S&P 500 futures were climbing 4.75 points and the Nasdaq 100 futures were improving 17.00 points.

U.S. stocks closed mixed on Friday. The Nasdaq edged down 2.09 points or less than a tenth of a percent to 7,402.88, the Dow climbed 91.64 points or 0.4 percent to 24,831.17 and the S&P 500 rose 4.65 points or 0.2 percent to 2,727.72.

On the economic front, Cleveland Federal Reserve Bank President Loretta Mester will speak at the "Central Bankers Outlook Keynotes with Francois Villeroy de Galhau, governor, Banque de France" event of the Global Interdependence Center's Central Banking Series, in Paris, France, with audience and media Q&A at 2.45 am ET.

St. Louis Federal Reserve Bank President James Bullard will deliver a presentation at the CoinDesk's Consensus 2018 in New York City, with media Q&A at 9.40 am ET.

In the corporate sector, U.S. Energy Corp. reported net loss of $240 thousand, narrower than $740 thousand last year. Revenue for the period declined to $1.55 million from $1.74 million in the prior year.

Asian stocks finished in the green zone on Monday. Chinese shares rose as trade tensions eased. The benchmark Shanghai Composite index inched up 10.77 points or 0.34 percent to 3,174.03.

Hong Kong's Hang Seng index finished up 419.02 points or 1.35 percent at 31,541.08.

Japanese shares hit a 3-1/2 month high. The Nikkei average rose 107.38 points or 0.47 percent to 22,865.86. The broader Topix index closed 0.61 percent higher at 1,805.92.

Australian shares rose, led by miners and financials. The benchmark S&P/ASX 200 index gained 19.10 points or 0.31 percent to finish at 6,135.30 while the broader All Ordinaries index ended 0.30 percent higher at 6,235.

European shares are trading mostly lower. France's CAC 40 is down 13.82 points or 0.25 percent. Germany's DAX is declining 47.83 points or 0.37 percent. FTSE 100 of U.K. is edging down 18.24 points or 0.24 percent. Swiss Market Index is growing 28.96 points or 0.32 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is losing 0.21 percent.

by RTTNews Staff Writer

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