Can consumer spending lift the economy?
Investors are digesting the Commerce Department’s March retail sales report, released at 8:30 a.m. ET, which showed U.S. retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.
Total retail sales increased 0.8 percent, the Commerce Department said on Monday, after a slightly downwardly revised 1.0 percent rise in February that was previously reported as a 1.1 percent advance. Economists had expected a 0.3 percent rise in sales, compared with a 1.1 percent increase in February.
Stocks are expected to move up at the start of trading Monday.
On the earnings front, Citigroup will be in focus. Wall Street expects the bank will earn about $1.0 per share, unchanged from the year-ago period. Mattel, the world's largest toy company, is also due to announce results.
An audit firm hired by the Algerian government has valued Vimpelcom's troubled mobile phone unit Djezzy at $6.5 billion, a newspaper quoted Algerian Telecommunications Minister Moussa Benhamadi as saying on Sunday.
The yuan traded lower at midday on Monday, opening sharply weaker than the midpoint fixing, after China's central bank doubled the size of the currency's trading band over the weekend.
Great Wolf Resorts said late on Sunday it had received an offer from KSL Capital Partners to buy the company for $7 per share, days after Great Wolf's largest investor rejected an earlier bid made by Apollo Global.
European shares rose 0.5 percent on Monday, with a strong start to the U.S. earnings season helping them consolidate after recent falls even as investors remained cautious about the outlook for Spain ahead of a bond auction this week. Japan's Nikkei average fell 1.7 percent.
Reuters contributed to this report.