Wall Street could find support from news of another blockbuster merger. Sources told Reuters that Pfizer Inc (PFE.N) was due to secure formal board approval for its acquisition of Allergan Plc (AGN.N) for more than $150 billion, creating the world's biggest drug maker.
The EMINI contract on the S&P 500 ESc1 was trading 0.1 percent firmer on Monday. The Dow .DJI had ended Friday up 0.51 percent, while the S&P 500 .SPX added 0.38 percent and the Nasdaq .IXIC 0.62 percent.
The S&P 500 boasted its best week in almost a year, while Europe's main stock index enjoyed its strongest week in a month.
The strength of the dollar kept commodity prices under pressure. Gold XAU= was stuck at $1,070.50 an ounce having touched its lowest level in nearly six years.
Copper CMCU3 slipped to a fresh six-and-a-half year low, as traders bet metals prices had further to fall given China's slowing factory demand. [MET/L]
Oil prices sank again with U.S. crude CLc1 off 90 cents at $40.99 a barrel, while Brent LCOc1 lost 60 cents to $44.06. [O/R]
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