U.S. stock index futures indicated a higher open on Monday as a rebound in commodity prices helped boost sentiment across global equity markets.
Dow futures rose 175 points after briefly gaining more than 200 points, while S&P and Nasdaq futures also pointed to a sharply higher open.
Oil, which has been the top of investors' minds for the last few months, saw another rebound overnight with WTI futures rising above the $30 a barrel level. Mining and oil stocks that saw the most gains in Europe during the morning session thanks to gains in copper and other commodities.
Miners like Anglo American, Glencore, Rio Tinto and BHP Billiton were among the best performers in the region and traders managed to shrug off new data that showed business activity in the euro zone hitting a 13-month low.