Wall Street was looking at a higher open Monday as traders geared up for the start of earnings and tried to rebound from the selloff that closed out last week. Index futures for both the S&P 500 and the Nasdaq 100 were about 6 points above fair value. The 10-year note was down 2/32 in price and yielding 5.14%. Stocks were higher in Asia, as Japan's Nikkei rose 1.6% to 15,553 and Hong Kong's Hang Seng added 0.9% to 16,604. European indices were mostly weaker, with London's FTSE 100 down 0.2% to 5,880 and Germany's Xetra DAX off 0.1% at 5,674. Commodities were lower across the board. The price of oil was on the decline, just days after the front-month contract hit a record above $75 a barrel. In Nymex trading, crude was down $1.55 to $73.59 a barrel. Gold was dropping $10.80 to $624 an ounce, silver lost 41 cents to $11 an ounce, and copper was lower by 28 cents to $3.52 a pound. U.S. shares were pressured Friday by profit warnings from chipmaker AMD ( AMD) and industrial giant 3M ( MMM), and this week, second-quarter earnings season unofficially kicks off. Later Monday, aluminum producer Alcoa ( AA), always the first member of the Dow Jones Industrial Average to report, will release its results. A number of mergers were making headlines as the week unfolded, including a couple in the energy space. WPS Resources ( WPS) is planning to buy Peoples Energy ( PGL) in a deal worth about $1.6 billion, and MDU Resources Group ( MDU) said it will acquire Cascade Natural Gas ( CGC) for $475 million, including debt. Elsewhere, Heritage Property Investment Trust ( HTG), a real estate investment trust, agreed to be taken over by affiliates of Australia's Centro Properties Group for $36.15 a share.