Stock futures higher on hope for ECB stimulus, M&A news

|By:, SA News Editor

Stocks look set for a strong open, as dovish Jackson Hole comments from Mario Draghi suggest the ECB may be moving closer to a QE-like program and Haruhiko Kuroda indicate the BOJ is ready to do more are boosting markets around the world; S&P and Dow +0.4%, Nasdaq +0.5%.

Asian markets started the week on a generally higher note, while major European indexes trade higher across the board.

Earnings reports are down to a trickle, but on the M&A front, Intermune +36% premarket after agreeing to be acquired by Roche for $74/share, and Burger King +13% after confirming merger talks with Tim Hortons.

Treasury prices are little changed, with the 10-year yield at 2.40%.

Still ahead: PMI services index flash, new home sales, Dallas Fed.