Wall Street awaits Fed speeches, eyes earnings
U.S. stock index futures suggested a higher Wall Street open on Monday, following European and Asian markets higher.
April's official jobs report, due Friday, is the big event of the week, but the stock market will also be in focus amid another week of earnings. On Monday, these include Sysco (NYSE: SYY) and Comcast (NASDAQ: CMCSA).
The NBCUniversal parent earned 81 cents per share for the first quarter, seven cents above estimates, with revenue also above forecasts. Comcast also added $2.5 billion to its existing stock buyback program.
Sysco, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses.
Also on Monday, there will by factory orders data for March at 10 a.m. ET
There will be Federal Reserve speeches to listen into, including a keynote address from Chicago Fed's Charles Evans at the annual meeting of the Columbus Economic Development Board. San Francisco Fed President, John Williams, will speak on job creation at a separate event.
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Asian and European shares traded marginally higher on Monday , although U.K. stock markets were closed for a public holiday. Markets were boosted after tepid manufacturing data from China raised hopes that Beijing would unveil further stimulus measures to boost the economy.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.
-Reuters and CNBC's Peter Schacknow contributed to this report.
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