US Markets

Markets gear up for nonfarm payrolls week


U.S. stock index futures were showing a broadly higher open Monday amid subdued trading in Asia and Europe and ahead of the key nonfarm payrolls data at the end of the week.

Early Monday morning, the Dow Jones Industrial Average was expected to open some 20 points higher while the broader S&P 500 was called some 2 points higher.

Several companies are scheduled to report quarterly results Monday, including AIG.

Markets in Europe opened lower amid subdued trading as some exchanges in Asia and Europe were closed for public holidays. Exchanges in London, Hong Kong, China, Ireland, Singapore and Russia were all closed.

In those markets trading in Asia, exchanges ended Monday slightly lower with the Nikkei 225 off some 3.1 percent, the Kospi down 0.8 percent and in Australia broadly flat.

In the run-up to the nonfarm payrolls figure Friday, investors can digest Manufacturing PMIs at 9:45 a.m. New York time on Monday and ISM spending figures in manufacturing and construction at 10 a.m.

Later on, San Francisco Federal Reserve President John Williams will talk at the Milken Institute.