US Markets

Wall Street awaits Yellen speech for Fed tapering clues


U.S. stock-index futures signaled a mostly lower Wall Street open on Monday, despite gains in global shares.

Shares in Europe and Asia traded higher early on Monday, helped by Friday's bumper close on Wall Street. This followed the U.S. government's non-farm payrolls report, which showed that 113,000 jobs were created in January, and that unemployment fell to 6.6 percent.

(Track: European shares live)

Although the job creation number was worse than forecast, investors welcomed the figures and U.S. indexes cleared weekly losses and posted their best two-day gain in four months.

Focus now falls on Federal Reserve Chair Janet Yellen's first testimony before Congress on Tuesday, with traders looking for clues as to whether monetary policy will remain supportive.

Will the Fed stop tapering on weak jobs numbers?

"The Fed is not likely to consider the non-farm payrolls report solely in its decision, without due regard to the range of labor market indicators available, and in that context things are looking stable," wrote analysts at Mizuho Bank in a note on Monday.

Hasbro shares fell in early New York trading after the toy maker reported fourth-quarter earnings short of estimates.

Other companies worth watching on Monday include JPMorgan Chase, after media reports that a top Chinese regulator asked CEO Jamie Dimon to hire a family friend who now works at JPMorgan.

Apple will also be in focus after advisory firm ISS recommended Apple shareholders vote against a proposal by activist investor Carl Icahn to aggressively expand stock repurchases.

(Read more: ISS says Apple board should vote 'no' to Icahn plan)

In other news, President Barack Obama will host a visit from French President Francois Hollande in Washington DC this week. Hollande will arrive in Washington around 2:30 p.m. ET and is expected to discuss the long-awaited EU-U.S. free trade agreement. He will also meet with Christine Lagarde, the managing director of the International Monetary Fund, and Jim Yong Kim, the president for the World Bank.

—By CNBC's Katy Barnato