NEW YORK (AP) — U.S. stocks are poised to rise on hopes that Europe’s leaders will agree on a plan to restore long-term confidence in the euro.
A crucial week for the future of the euro kicks off later Monday with a meeting of German Chancellor Angela Merkel and French President Nicolas Sarkozy in Paris. The two are expected to discuss how to achieve closer political and economic union of the 17 euro countries, including stricter budgetary oversight.
Dow futures were up 1.3 percent at 12,152 while futures on the broader Standard & Poor’s 500 rose 1.3 percent to 1,260.
In Europe, the FTSE 100 index of leading British shares was up 0.5 percent at 5,582 while Germany’s DAX rose 0.9 percent to 6,133.