North American stocks are poised to open modestly higher, as investors look to reverse some of last week's losses.
In premarket trading, Dow Jones industrial average futures are up 49 points. S&P 500 futures are up 6.60 points and Nasdaq composite index futures are up 8.25 points.
In a quiet morning for market news, traders look set to go bargain-hunting after last week's poor showing, in which Canadian and U.S. markets lost about 4 per cent.
A stabilizing of commodity prices should lend support for Canadian stocks. Gold is up $5.00 (U.S.) at $1,097.00 an ounce in New York, while crude oil has inched down 26 cents to $74.28 a barrel.
The U.S. market has seen some positive earnings news this morning from some second-tier stocks, including oil services company Halliburton, whose profits slightly topped analysts' estimates. The bigger focus on the earnings front Monday will be Apple Inc., which reports after the closing bell.
The tone is less encouraging overseas. European bourses are mostly lower, with London's FTSE 100 index down 0.3 per cent.
Asian markets closed lower. Hong Kong's Hang Seng index was down 0.6 per cent and Japan's Nikkei index fell 0.7 per cent.
The Canadian dollar is down a third of a cent at 94.32 cents (U.S.).