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The major U.S. index futures are pointing to a higher opening on Monday, with the optimism emanating from a more upbeat forecast for growth and data supporting claims that the growth is holding up. A report released by the National Association of Business Economics and positive manufacturing and services sector readings from Europe have fortified hopes of seeing sustainable growth, sending commodity prices higher. The direction of the markets in today’s session may also track the existing home sales report to be released shortly after the markets open.

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