US futures edge up

New York - US stock index futures edged higher on Monday as a weak reading on Chinese manufacturing raised hopes that the Chinese government would issue new stimulus to combat slowing momentum, though ongoing tensions in Ukraine weighed on sentiment.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

Equities have been lifted by some positive domestic data, and a belief that the biggest East-West conflict since the Cold War won't escalate.

The report came in below expectations but raised hopes for new stimulative measures.

Last week, concerns mounted after Fed Chair Janet Yellen raised the possibility of an earlier-than-expected increase in interest rates.

Dow Jones industrial average futures added 25 points and Nasdaq 100 futures rose 9 points.

The report is scheduled for release at 9:45 a.m. ET (15:45 GMT) and is seen slowing slightly from the previous month.

The companies declined to comment on the report.

US shares of Nokia rose 3 cents to $7.20 in premarket trading. - Reuters