NEW YORK (Reuters) - Stock index futures rose on Monday, looking to extend Wall Street's three-week gain as investors await the Federal Reserve's monetary meeting later in the week.
Futures were supported by gains in BP Plc after the British oil major said it permanently sealed the oil well in the Gulf of Mexico that had caused a major oil spill. U.S.-listed shares of BP
The market is waiting to see if the central bank will add more stimulus to fuel the economic recovery. The Fed is to meet on Tuesday.
On the M&A front, France's Safran SA
Media and entertainment stocks will be eyed after sources told Reuters Indian conglomerate Sahara India Pariwar was in talks to buy the debt of struggling film studio Metro-Goldwyn-Mayer Inc
S&P 500 futures rose 5.6 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 41 points, and Nasdaq 100 futures gained 9.5 points.
Wall Street ended Friday rising for the third straight week.
Bank of America Corp
China Unicom Ltd <0762.HK> will launch Apple Inc's
European stocks climbed 0.6 percent in early trade, rising for the first time in five sessions, led by energy and mining shares such as BP, Total SA
On the earnings front, investors awaited results from Discover Financial Services
(Reporting by Angela Moon; editing by Jeffrey Benkoe)
