Here are the important things to know before the markets open:

1. U.S. stock futures were mostly lower as the Dow Jones Industrial Average and S&P 500 looked to recover from two-week losing streaks, while European shares traded cautiously amid the prospect for new elections in Germany.

2. Marvell Technology Group Ltd. (MRVL - Get Report) reached a deal to buy chipmaker Cavium Inc. (CAVM) for about $6 billion.

3. Alibaba Group Holding Ltd. (BABA - Get Report) agreed to acquire a major stake in China's largest hypermarket operator, Sun Art Retail Group, as the Chinese e-commerce giant continues its push into bricks-and-mortar retail.

4. Qualcomm Inc. (QCOM - Get Report) is set to win "imminent" Japanese antitrust clearance for its $38 billion bid for NXP Semiconductors NV (NXPI - Get Report) and gain approval in Europe by the end of the year with slight tweaks to its concessions, a person familiar with the matter told Reuters.

5. Earnings reports are expected from Agilent Technologies Inc. (A - Get Report) , Hewlett Packard Enterprise Co. (HPE - Get Report) , Intuit Inc. (INTU - Get Report) , Palo Alto Networks Inc. (PANW - Get Report) and Urban Outfitters Inc. (URBN - Get Report) .

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