Optimism Sustains Despite Overbought Levels
The major U.S. index futures are pointing to a higher opening on Monday, with sentiment reflecting sustenance of optimism notwithstanding the absence of any major catalysts. Some M&A news that have broken out may Positive German business sentiment data has served to life the mood in most of the European markets. Asian stocks had also closed higher earlier in the global trading day. The domestic markets may also look ahead to the results of Markit’s service sector survey.