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US stock futures point to mixed open as 'Trump trade' continues

U.S. stock index futures pointed to a mixed open on Monday as traders continued to react to the results of the U.S. presidential election.

Investor expectations that Donald Trump's policies are due to cause rising inflation in the U.S. are high as the president-elect began to assemble his incoming team over the weekend. Reince Priebus, chairman of the Republican National Committee will be Trump's chief of staff and Stephen Bannon, formerly of the Breitbart News Network, will work as chief strategist.

On the earnings front Monday Aecom and Autohome reported before the bell. China Lodging Group, Noah Holdings and Woodward are due to report after the market close.


In Europe, the pan-European index was around 0.1 percent higher on Monday. In Asia, the Shanghai composite in China closed 0.44 percent higher, while the Nikkei in Japan closed 1.71 percent higher.

In oil markets, Brent crude traded at around $44.16 a barrel on Monday, down 1.32 percent, while U.S. crude was around $42.65 a barrel, down 1.75 percent.

No economic data releases of note are due to be reported on Monday.