U.S. stock index
futures dipped on Monday, after the Dow and S&P closed at records on
the heels of an agreement by euro zone finance ministers to extend
Greece's bailout by four months provided it draws up a list of reforms.
* Greece will present
its economic reform plans on Monday to seal the euro zone financial
lifeline, but the government drew criticism from a veteran leftist and
ruling party member that the deal let voters down. The deal is
conditional on Greece's European and IMF creditors accepting the reform
list.
* The equity market gains led each of the three major Wall Street indexes to their third weekly advance on Friday, with the Nasdaq on an eight-session winning streak as it closed in on the 5,000 mark for the first time in nearly fifteen years.
* Existing home sales data is due at 10:00 a.m., the first in a flurry of economic reports this week that will help investors gauge the strength of the housing sector.
* Canada's Valeant Pharmaceuticals International Inc (VRX.TO) agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd (SLXP.O) in an all-cash deal valued at about $10.1 billion, the companies said on Sunday. U.S. listed shares of Valeant (VRX.N) gained 6.2 percent to $184 while Salix slipped 0.8 percent to $156.55 in premarket trading.
* Asahi Kasei Corp (3407.T), a Japanese chemicals maker, said it would buy Polypore International Inc's (PPO.N) energy storage segment for $2.2 billion, as it seeks to expand in the energy and environment business. Polypore shares jumped 13.1 percent to $59.90 before the opening bell.
* Home Loan Servicing (HLSS.O) climbed 7.9 percent to $18.09 in premarket after the company agreed to be acquired by New Residential Investment Corp for about $1.3 billion.
* Dow component Boeing (BA.N) fell 1.8 percent to $155.49 after Goldman Sachs cut its rating on the aerospace company to "sell" from "neutral. "
* European shares edged up in the wake of the Greece deal, although a slightly disappointing German business morale survey held gains in check.
* Japan's Nikkei 225 stock index .N225 hit a 15-year high, though MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.3 percent as many countries in the region returned from Lunar New Year holidays.
Futures snapshot at 7:35 a.m. EST (1235 GMT):
* S&P 500 e-minis ESc1 were down 4 points, or 0.19 percent, with 70,362 contracts changing hands.
* Nasdaq 100 e-minis NQc1 were up 1 point, or 0.02 percent, in volume of 10,590 contracts.
* Dow e-minis 1YMc1 were down 35 points, or 0.19 percent, with 13,272 contracts changing hands.
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| Traders work on the floor of the New York Stock Exchange February 20, 2015. |
* The equity market gains led each of the three major Wall Street indexes to their third weekly advance on Friday, with the Nasdaq on an eight-session winning streak as it closed in on the 5,000 mark for the first time in nearly fifteen years.
* Existing home sales data is due at 10:00 a.m., the first in a flurry of economic reports this week that will help investors gauge the strength of the housing sector.
* Asahi Kasei Corp (3407.T), a Japanese chemicals maker, said it would buy Polypore International Inc's (PPO.N) energy storage segment for $2.2 billion, as it seeks to expand in the energy and environment business. Polypore shares jumped 13.1 percent to $59.90 before the opening bell.
* Home Loan Servicing (HLSS.O) climbed 7.9 percent to $18.09 in premarket after the company agreed to be acquired by New Residential Investment Corp for about $1.3 billion.
* Dow component Boeing (BA.N) fell 1.8 percent to $155.49 after Goldman Sachs cut its rating on the aerospace company to "sell" from "neutral. "
* European shares edged up in the wake of the Greece deal, although a slightly disappointing German business morale survey held gains in check.
* Japan's Nikkei 225 stock index .N225 hit a 15-year high, though MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.3 percent as many countries in the region returned from Lunar New Year holidays.
Futures snapshot at 7:35 a.m. EST (1235 GMT):
* S&P 500 e-minis ESc1 were down 4 points, or 0.19 percent, with 70,362 contracts changing hands.
* Nasdaq 100 e-minis NQc1 were up 1 point, or 0.02 percent, in volume of 10,590 contracts.
* Dow e-minis 1YMc1 were down 35 points, or 0.19 percent, with 13,272 contracts changing hands.
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