U.S. index futures point to a higher open in pre-market trading on Monday. This week will feature quarterly results from tech giants including Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN), along with the anticipated Federal Reserve meeting on Wednesday. Economists indicate a 96% chance that the central bank will keep interest rates unchanged at this meeting, according to the CME Fed Watch tool.

At 05:37 AM, Dow Jones futures (DOWI:DJI) rose 98 points, or 0.24%. S&P 500 futures gained 0.26%, and Nasdaq-100 futures advanced 0.43%. The 10-year Treasury yield stood at 4.166%.

In the commodities market, West Texas Intermediate crude for September fell 0.31% to $76.92 per barrel. Brent crude for September fell 0.27% to $80.91 per barrel.

Asia-Pacific markets advanced. Japan’s Nikkei 225 rose 2.13%, ending an eight-day losing streak. The Japanese yen appreciated 0.31% against the dollar, trading at 153.26. Mitsubishi Motors gained over 5% after joining the Honda-Nissan alliance, while Eisai shares fell 13% due to the rejection of its Alzheimer’s treatment.

Hong Kong’s Hang Seng advanced 1.28%, while South Korea’s Kospi and Kosdaq increased 1.23% and 1.31%, respectively. The S&P/ASX 200 gained 0.86%. The Shanghai Composite rose 0.03%, pressured by real estate stocks.

In Asia’s economic agenda, notable events include the Bank of Japan’s monetary policy meeting, which could result in a 10 to 15 basis points increase in interest rates. Additionally, China’s July PMI and Australia’s latest inflation data will be released ahead of the Australian central bank’s policy meeting on August 6.

European markets show mixed variations, with the FTSE 100 and DAX rising, while the CAC 40 fell. The utilities sector performed well, while the household goods sector declined. Among individual stocks, Philips (EU:PHIA) shares rose 11.2% after strong earnings, while Heineken (EU:HEIA) fell 7.3% due to disappointing results. Reckitt Benckiser (LSE:RKT) shares fell 9.3% following a $500 million verdict against Abbott (LSE:0Q15) related to infant formula. As the earnings season progresses in Europe, investors are monitoring Federal Reserve and Bank of England meetings for indications on future interest rate adjustments.

U.S. stocks rose sharply on Friday, with the Nasdaq and S&P 500 rebounding from their lowest levels in over a month. The Dow Jones rose 1.64%, the S&P 500 advanced 1.11%, and the Nasdaq increased 1.03%. The strength came from inflation data boosting confidence about the Federal Reserve’s interest rate decision in September.

The personal consumption expenditures (PCE) price index rose 0.1% in June, as expected. The annual growth rate slowed to 2.5% from 2.6%. The core PCE rose 0.2%, with the annual rate steady at 2.6%. Personal income increased 0.3% while personal spending rose 0.4%, both in line with estimates.

In Monday’s quarterly earnings reports before the market opens, McDonald’s  (NYSE:MCD), On semiconductor  (NASDAQ:ON), Philips  (NYSE:PHG), Bank of Marin  (NASDAQ:BMRC), Hope Bancorp  (NASDAQ:HOPE), Affiliated Managers Group  (NYSE:AMG), CNA Financial Corporation  (NYSE:CNA), Oil States International  (NYSE:OIS), Provident Financial Holdings  (NASDAQ:PROV), Civista Bancshares  (NASDAQ:CIVB), and more will report.

After the market closes, results from Tilray Brands  (NASDAQ:TLRY), Sprouts Farmers Market  (NASDAQ:SFM), Symbotic  (NASDAQ:SYM), F5  (NASDAQ:FFIV), Lattice Semiconductor  (NASDAQ:LSCC), Chesepeake Energy  (NASDAQ:CHK), Element Solutions  (NYSE:ESI), Rambus  (NASDAQ:RMBS), SBA Communications Corporation  (NASDAQ:SBAC), Beyond Inc  (NYSE:BYON), and others are expected.