What to watch, courtesy of Yahoo! Finance's Elizabeth Trotta:
Good morning! World stocks are mixed and U.S. futures are pointing to a rebound at the open as investors continue to focus on the euro zone. World finance ministers met over the weekend, seeking solutions to the European debt and banking crisis and urging action. U.S. Treasury Secretary Tim Geithner called it "the most serious risk now confronting the world economy."
Gold is heading for its biggest three-day loss in 28 years on Monday as investors look to secure cash, fearing a euro zone fallout from a potential Greek debt default.
Meanwhile, interim CEO Sergio Ermotti took the helm at UBS on Monday after Oswald Gruebel resigned Saturday, taking the blame for a $2.3 billion rogue trading scandal. Ermotti inherits the tasks of boosting client confidence and shrinking the investment bank after the high profile loss.
10:00 New Home Sales (expected 293,000, prior 298,000)
- Tim Geithner