U.S. stock index futures pointed to a flat to slightly higher open on Monday ahead of a busy week of top-tier data, as the Greek stock market opened for the first time in five weeks.
Personal income increased 0.4 percent in June, while personal consumption increased 0.2 percent.
Futures trimmed gains following the report. The 10-year Treasury yield edged higher to 2.20 percent, while the 2-year yield edged lower to 0.67 percent. The U.S. dollar pared gains to trade mildly higher, with the euro at $1.09.
Markets will be focused on the U.S. jobs report on Friday, but ahead of that, July's manufacturing ISM alongside June consumer spending and income figures, the associated June PCE deflators, and July vehicle sales numbers are all due for release Monday morning.
"The week's big focus will be on U.S. data, and the labor market report on Friday in particular. There's a risk that we see edgy markets in the meantime," Kit Juckes, global macro strategist at Societe Generale said.
"We look for a solid 240k increase in non-farm payrolls, a 2.2 percent increase in hourly earnings and a drop to 5.2 percent from 5.3 percent in the unemployment rate. Even the (very dovish) Yellen FOMC should see that as justifying lift-off for rates, though the ECI data will be seen by some as a green light for risk assets to shrug off the first hike," Juckes said.
In Europe, the Athens stock exchange opened nearly 23 percent lower after reopening for the first time in five weeks, recovering some earlier losses to trade around 16 percent lower in mid-morning trade.
Greek banking stocks were the worst hit with Alpha Bank, Attica Bank and Eurobank Ergasius, Bank of Piraeus and the National Bank of Greece all opening around 30 percent lower - the daily limit. Similar losses were seen in other stocks outside of the banking industry as well.
There was further bad news for the Greek economy, with flash manufacturing PMI figures for July down to 30.2 the lowest reading since Markit began compiling data in 1999.
European equities shrugged off the weakness seen in Greece, with the pan-European FTSEurofirst 300 trading around 0.6 percent higher.
HSBC (London Stock Exchange: HSBA-GB) climbed around 0.7 percent after it reported a 2 percent year-on-year rise in adjusted pre-tax profit to $13 billion for the first half, after a strong performance in Hong Kong.
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