European data, M&A moves help push stock futures higher

|By:, SA News Editor

Stock futures edge higher, sparked by positive developments in Europe and M&A movement at home, and overcoming fears of a worsening credit bubble in China; S&P and Nasdaq +0.2%, Dow +0.1%.

Asian markets fell after data showing sharply higher new home prices in China prompt worries that the government could impose new controls to cool the property market.

European markets are higher after data showing business confidence in Germany rose more than expected; the weekend removal of Ukraine's president and expectations of a financial assistance package also boosts sentiment.

M&A news sparks early movers: TriQuint Semi +20.8% premarket after agreeing to merge with RF Micro Devices, and Jos. A. Bank +8% after Men’s Wearhouse raised its takeover offer to $63.50/share.

Treasurys display modest gains, with the benchmark 10-year yield off nearly 2 bps at 2.73%.

Still ahead: Dallas Fed.