NEW YORK (TheStreet) -- Lingering goodwill from a strong jobs report on Friday looks to push markets higher during Monday's session. S&P 500 (^GSPC) futures were up 0.33%, Nasdaq (^IXIC) futures rose 0.28%, and Dow Jones Industrial Average (^DJI) futures rose 0.31%. Premarket gains added to a 1% increase across all major indexes on Friday, though they remained in the red for the week.
A robust jobs report helped to push European markets higher on Monday. Investors are hoping the European Central Bank could implement its own version of the Federal Reserve's stimulus program as economic growth in pockets of the continent exhibit softness. German industrial orders posted a significantly sharper drop than expected, down 5.7% from August compared to an anticipated 2.5% fall and the sharpest decline since 2009. Shaking off that news, Germany's DAX added 0.97%.
Watch the video below for a look at how U.S. futures are doing in premarket trading Monday:
Positive U.S. jobs sentiment extended to Asian markets -- Hong Kong's Hang Seng and Japan's Nikkei closed over 1% higher on Monday. The Japanese yen fell against the U.S. dollar, which is holding at a four-year high after 12 consecutive weeks of gains. On Monday, the U.S. dollar was trading at 109.43 yen, down from 109.75 yen at week's end.
In Brazil, markets are poised to rally after incumbent President Dilma Rousseff failed to win a majority with 42% of votes in the first round of elections. Conservative and pro-business candidate Aecio Neves, whose support surged to 34% from a previous pre-election poll of 26%, will face off against Rousseff in the second round on Oct. 26. Wall Street-listed Brazilian stocks such as Petrobas(PBR) - Get Report and Vale(VALE) - Get Report were higher before the bell.
On the economic docket in the U.S., the Gallup U.S. Consumer Spending Measure is slated for release at 8:30 a.m. EDT. The data uses discretionary spending as a gauge for how confident consumers are in the recovery. The TD Ameritrade IMX, out at 12:30 p.m., will shed light on how optimistic retail investors are on equities.
The headline corporate news of the day belongs to Hewlett-Packard(HPQ) - Get Report which plans to split its personal computer and printer segments from its business-geared hardware branch. Shares were up 4.2% before market open.
In M&A news, medical supplies companies Becton Dickinson and Co(BDX) - Get Report and CareFusion (CFN) were surging after the former agreed to buy the latter in a cash-and-stock deal worth $12 billon. Becton Dickinson is up 10.1% while CareFusion popped 25% in premarket trading.
While Alcoa(AA) - Get Report heralds the unofficial kickoff of earnings season on Wednesday, The Container Store(TCS) - Get Report will showcase its most recent quarter with an earnings report out after Monday's closing bell.
-- Written by Keris Alison Lahiff in New York.