Stock Market Today: Stock Futures Hint at New Records as Global Optimism Lingers - TheStreet

NEW YORK (TheStreet) -- Lingering goodwill from Friday's rally were keeping U.S. stock futures buoyant on Monday. International markets were climbing as investors continued to celebrate news last week of an unexpected interest rate cut from China's central bank and the European Central Bank's commitment to growth-boosting stimulus measures.

After securing a record high on Friday, S&P 500 futures added 0.23% on Monday and Dow Jones Industrial Average futures were up 0.19%. Nasdaq futures climbed 0.29%.

Asian markets were among the best performers with China's Shanghai Composite spiking to a three-year high and Hong Kong's Hang Seng popping nearly 2%.

European markets were mixed, though Germany's DAX and France's CAC 40 were nearly 1% higher. Investors on the two markets were buying after German business confidence increased for the first time in seven months, beating forecasts.

Russia's economy looked down in the dumps as Western sanctions took a big hit. Finance Minister Anton Siluanov told reporters that sanctions imposed earlier in the year had cost the economy $40 billion annually. Falling oil prices had hurt the economy a further $90 billion to $100 billion.

U.S. investors will get tidbits of economic data to sift through on Monday, including the results of a Dallas Fed Manufacturing Survey.

Tesla Motors (TSLA) - Get Report was climbing nearly 2% premarket after CEO Elon Musk shared the potential of a partnership with BMW to develop batteries. Musk expects Tesla to have a battery plant in Germany by 2020.

LionsGate (LGF) shares were slipping 2.3% after its latest installment of the Hunger Games franchise pulled in less than its predecessor. The mega-hit drew $123 million in North American ticket sales, the biggest opening of the year, but less than the $158.1 million The Hunger Games: Catching Fire generated in 2013.

--Written by Keris Alison Lahiff in New York.