NEW YORK (AP) — U.S. stock futures are edging higher Monday, even as news of North Korea ruler Kim Jong Il’s death rattles Asia and European markets.
European markets fell, but then rebounded as investors weighed the potential consequences of Kim’s death. Asian indexes closed lower. Analysts warn Kim’s death could cause an uncertain power transition and put the brakes on talks aimed at getting the secretive communist state to give up its nuclear weapons.
Kim Jong Un, the supreme leader’s untested third son and heir-apparent, is expected to want to consolidate his power and dispel any notions of weakness.
Dow Jones industrial average futures are up 51, or 0.4 percent at 11,829. The broader Standard & Poor’s 500 index futures are up 7, or 0.6 percent, at 1,218. Nasdaq 100 futures are up 13.25, or 0.6 percent, to 2246.