Updated from 6:49 a.m. EDT
Here are 10 things you should know for Monday, June 2:
1. -- U.S. stock futures were rising Monday following manufacturing expansion in China.
European stocks were mixed. Asian shares closed the session mostly higher. Chinese markets were closed for a holiday. Japan's Nikkei 225 index rose 2.1% after China Federation of Logistics and Purchasing said its monthly manufacturing index rose to 50.8 points in May, up from April's 50.4, and was the highest level this year.
2. -- The economic calendar in the U.S. on Monday includes the ISM index for May at 10 a.m. EDT, and construction spending for April at 10 a.m.
3. -- U.S. stocks on Friday closed mixed following weaker-than-expected consumer spending, which accounts for 70% of overall economic activity. A consumer sentiment reading also was weaker.
The Dow Jones Industrial Average rose 0.11% to close at 16,717.11, while the Nasdaq declined 0.13% to 4,242.62. The S&P 500 settled higher by 0.18% to 1,923.57.
4. -- Dai-ichi Life, the Japanese insurer, is in advanced talks to buy Protective Life (PL) in a deal that could be worth more than $5 billion, Reuters and other media outlets reported.
The deal would be the biggest so far in a string of overseas acquisitions by Japan's insurers, according to Reuters.
Dai-ichi Life, Japan's second-largest private-sector life insurer, plans to buy 100% of Protective Life, a source with direct knowledge of the matter told Reuters.
Protective Life shares rose 13% in premarket trading to $59.08.
5. -- Hall of Fame golfer Phil Mickelson confirmed that FBI agents investigating insider trading approached him this week at the Memorial Tournament. The five-time major champion said over the weekend he has done "absolutely nothing wrong."