Futures gained Monday as French President Nicolas Sarkozy and German chancellor Angela Merkel met in Berlin to discuss ways to boost growth in the euro zone and to finalize a deal to increase fiscal coordination within the currency union.
Sarkozy and Merkel said they want EU states to complete their negotiations on a planned new treaty in the coming days soit could be signed on March 1.
Meanwhile, Germany sold 3.9 billion euros ($4.9 billion) in six-month T-Bills, and the yield was negative for the first time in a money market auction.
European shares rose in choppy trading, rebounding from the previous week's sharp pullback, helped by gains in the defensive stocks.
Investors will be closely watching Italy and Spain's bond auctions later this week.
Bristol-Myers Squibb has agreed to acquire Inhibitex for about $2.5 billion to gain access to its promising hepatitis C treatment.
Aluminum producer Alcoa is scheduled to report after the bell, marking the unofficial start to the fourth-quarter earnings season. Banking giant JPMorgan is slated to post on Friday.
Fourth-quarter earnings are expected to gain 7.8 percent from a year ago, according to Reuters, down from a July outlook for growth of 17.6 percent.