This is what you need to know before the opening bell.

BP (BP - Get Report) shares slid after posting lower-than-expected fourth-quarter profits. This comes despite a rise in global oil prices.

Walmart (WMT - Get Report) continued to lose ground in the U.K, as low-cost competitors gained steam and inflation took hold.

Gap (GPS - Get Report) shares rose in after-hours trading Monday after fourth-quarter sales increased, with same-store sales up 2% compared with the previous year.

Honda (HMC - Get Report) signed a deal with Hitachi Automotive Systems (HTHIY) . The companies will jointly develop, make and sell motors for electric cars.

The euro fell on weaker-than-expected economic data from Germany, with investors also expressing concern over the direction of elections in France.