Futures higher after Friday's sell-off
With not much news on the economic front but more major earnings, Wall Street looks ready to recover.
U.S. stock futures traded slightly higher on Monday after Friday's dramatic sell-off. Stocks in Europe and Asia traded largely flat as there was little major economic news affecting the global economy.
In Japan, trade balance came in lower than expected at -980 billion yen versus the -740 billion yen that was forecast.
And Spain's Prime Minister Rajoy won a political victory over the weekend as his party won a victory in a regional election.
There are no major economic releases on the U.S. economic calendar Monday. However, there will be three- and six-month bill auctions in the U.S. and France.
Asian shares were mixed on Monday. Japan's Nikkei index gained 0.09% and the Hong Kong Hang Seng rallied 0.68%, while the Australian index fell 0.7%.
European shares were trading slightly to the downside. The London FTSE traded down 0.16% while the German Dax dropped 0.11%.
Commodities showed slight strength early Monday. WTI crude oil traded back above $90 a barrel, while gold traded near $1,725.
The U.S. dollar showed weakness against European currencies early Monday, as both the euro and the pound gained against it. Yet, the dollar was strong against Asian currencies, rallying against both the yen and the Australian dollar.
Sign up for a free trial of Benzinga Pro here.
More from Benzinga:
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.