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Federal Reserve Bank of Chicago releases its Chicago Fed National Activity Index for September at 1230 GMT (8:30 a.m. EDT). The index read -0.43 in August, indicating below-historical trend growth.
President Barack Obama this week will announce a series of actions to help the economy that will not require congressional approval, including an initiative to make it easier for homeowners to refinance their mortgages, according to a White House official.
U.S. companies do not plan to significantly increase payrolls over the next six months but neither do they intend to aggressively fire workers, according to a survey on Monday that suggested lackluster job growth.
Resource-related shares will be in focus, with key base metals prices jumping after data showed China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.
China's biggest dairy company China Mengniu Dairy Co Ltd <2319.HK> is considering a bid for Pfizer's
Eastman Kodak Co
U.S. bank Regions Financial Corp
European shares <.FTEU3> rose 0.5 percent on Monday on optimism policymakers were closer to an agreement on bank recapitalization and on how to leverage their rescue fund to try to stop bond market contagion. Japan's Nikkei average <.N225> advanced 1.9 percent.
On Friday, the Dow Jones industrial average <.DJI> rose 267.01 points, or 2.31 percent, to 11,808.79. The Standard & Poor's 500 Index <.SPX> was up 22.86 points, or 1.88 percent, at 1,238.25. The Nasdaq Composite Index <.IXIC> was up 38.84 points, or 1.49 percent, at 2,637.46.
(Reporting by Atul Prakash; Editing by Mike Nesbit)