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NEW YORK (TheStreet) -- Stock futures were setting up for a nice bounce to begin the week following a deluge of big pharma M&A deals on Monday morning. 

S&P 500 futures added 0.49%, Dow Jones Industrial Average futures climbed 0.6%, and Nasdaq futures popped 0.65%. 

Leading markets higher, UnitedHealth (UNH) - Get UnitedHealth Group Incorporated Report said it would buy pharmacy-benefit management company Catamaran (CTRX) for $12.8 billion, a 27% premium to its recent close. UnitedHealth spiked nearly 4% in premarket trading, while Catamaran surged 24.2%. 

Israeli drugmaker Teva Pharmaceuticals (TEVA) - Get Teva Pharmaceutical Industries Ltd. Report slipped around 1% after announcing it would buy Auspex Pharmaceuticals (ASPX) for $3.2 billion, or $101 a share in cash, a 42% premium to its recent close. 

Horizon Pharma (HZNP) - Get Horizon Therapeutics Public Limited Company Report rocketed 12.3% higher after announcing it will buy Hyperion Therapeutics (HPTX) for $1.1 billion. Small-cap Hyperion jumped 6.6% before the bell. 

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Late Friday, Intel (INTC) - Get Intel Corporation Report surged more than 6% on reports it will buy fellow semiconductor company Altera (ALTR) - Get Altair Engineering Inc. Class A Report, according to The Wall Street Journal. If a deal comes to pass it would mark Intel's largest takeover yet.

U.S. personal income for Friday rose 0.4% month on month, according to the Department of Commerce. Economists had expected a 0.3% increase on top of a 0.4% increase in January. Personal spending rose 0.1% in February, below expectations, but better than a 0.2% decline a month earlier. 

Crude oil prices plunged on Monday as negotiations for an Iran nuclear deal closed in on the deadline. Six countries are discussing a nuclear deal in exchange for the removal of economic sanctions which, if approved, would likely lead to more crude added to global oversupply. West Texas Intermediate plummeted 1.5% to $48.15 a barrel.  

The European Union has yet to receive a comprehensive list of reforms from Greece, a mandatory condition of future debt relief. The debt-saddled nation has until April 20 to secure funding before running out of money, according to Reuters. Fitch analysts cut Greece's credit rating two notches to "CCC" on Friday, a level indicating default as a "real possibility."

Broader European markets rallied as the European Commission's Confidence Index rose to -3.7 from -6.7, its highest reading since mid-2007. Economic sentiment came in a 103.9, its best level since 2011. 

Germany's DAX surged 1.3%, France's CAC 40 was up 0.95%, and the FTSE 100 in London added 0.16%. 

China's Shanghai Composite rocketed 2.6% higher on Monday after the People's Bank of China cut downpayments on second homes to 40% from 60%, a move to spark growth in the property sector. PBOC Governor Zhou Xiaochuan suggested on Sunday that the central bank had further "room to act," a hopeful sign of more monetary easing on the horizon.