Wall Street futures gain after holiday, global stocks rise

NEW YORK (AP) – U.S. markets were poised to open significantly higher Tuesday after a U.S. market holiday gave investors an extra day to digest another horrific week.

Futures for Wall Street’s benchmark S&P 500 index rose 1.3% after rising as much as 2% as U.S. markets prepared to reopen after a three-day weekend. Futures for the Dow Jones Industrial Average rose 1.5%.

London and Frankfurt opened higher. Tokyo, Hong Kong and Sydney rose while Shanghai fell. Oil prices rose to over $110 a barrel.

“The modest recovery in stock markets continues in Asia, thanks to US index futures grinding higher,” Oanda’s Jeffrey Halley said in a report.

In midday trading, the FTSE 100 in London was up 0.6%, as was the DAX in Frankfurt. The CAC 40 in Paris was 1.2% higher.

In Asia, the Nikkei 225 in Tokyo rose 1.8% to 26,246.31, while the Shanghai Composite Index fell 0.3% to 3,306.72. Hong Kong’s Hang Seng rose 1.9% to 21,559.59.

Seoul’s Kospi rose 0.7% to 2,408.93 and Sydney’s S&P ASX 200 rose 1.4% to 6,523.80.

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