U.S. Stock index futures rose on Monday as the US and Mexico approached NAFTA. Investors also digested reassuring comments from Jerome Powell, the chairman of the Federal Reserve, on the Fed's tighter stance.
The shares of Caterpillar and Boeing rose by 0.6 percent, 0.7 percent each before the bell. Their stocks are considered to be stock traders due to their strong exposure to overseas markets. The shares of Ford, General Motors and Fiat Chrysler also rose in the forerunner.
The Mexican peso rose 0.9 percent against the dollar.
Investors have been battling trade concerns in recent months as the US has adopted a more protectionist stance on the issue. The US has imposed billions of dollars on Mexican and Chinese imports agreed by Mexico and China.
Global markets were also supported by news from Friday that Fed Powell expects "further, incremental" rate hikes. The head of the Fed said at the Jackson Hole Symposium in Wyoming that the central bank would continue its tightening should the economy continue to strengthen.
Powell's comments have raised the S & P 500 and Nasdaq composite indices to record highs on Friday. In Europe, the Stoxx 600 Index rose 0.3 percent on Monday, while the German Dax climbed half a percent.
In Asia, the Chinese Central Bank, the People's Bank of China (PBOC), introduced an adjustment of the yuan support policy. The move, paired with Powell's comments, saw the Shanghai Composite rise 1