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US futures rebound

New York - US stock index futures inched higher on Monday, setting Wall Street up for a modest rebound after its worst week since June 2012 with investors focused on corporate earnings from big names like Caterpillar and Apple.

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

The iPhone and iPad maker may notch its most successful holiday shopping season yet, setting records for sales of its gift-friendly iPhones and iPads.

It will, however, continue to draw investor scrutiny over sales in ultra-competitive China, its No. 2 market but a drag on revenue and margins in recent quarters.

The Dallas Fed's manufacturing survey data is due at 10:30 a.m. ET.

On Friday, the S&P 500 fell 2.6 percent for the week, closing below its 50-day moving average for the first time since October 9, suggesting more selling may be ahead for the market that closed out 2013 with a 30-percent gain.

Dow Jones industrial average futures rose 60 points and Nasdaq 100 futures added 10.75 points.

US-listed shares of Vodafone fell 4.7 percent in premarket trade.

Google shares were little changed in premarket trade. - Reuters

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