A new trading week kicks off on a positive note.
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Global stocks were broadly higher on Monday, starting off the third quarter on a positive note, as solid manufacturing data raised investor sentiment.
European shares all traded higher as euro zone factory growth hit a six year high.
Earlier, Asian stocks closed mostly higher as a return to expansion for Chinese manufacturers boosted optimism.
U.S. futures pointed to a higher open, although trade will lightly be muted ahead of the Independence Day holiday. Wall Street will close its doors at 17:00 GMT Monday and will remain closed on Tuesday for the holiday.
Oil prices are lower today after 7 consecutive days of gains.
Following the positive data out from China, factories in the euro area closed out the second quarter with their fastest rate of activity in six years while job creation remained near May’s record high.
IHS Markit's manufacturing PMI for the euro zone rose to 57.4 in June, up from May's 57.0 and pipping the preliminary reading of 57.3.
June's reading was the highest since April 2011 and was comfortably above the 50 level that separates growth from contraction.
The U.S. will have its own reading on activity with the ISM manufacturing PMI out at 14:00 GMT.
Caixin's China manufacturing purchasing managers’ index (PMI) registered a surprise expansion in June, offering hope the world's second-largest economy continues to defy expectations for a slowdown.
The private survey came in at 50.4, marking a 3-month high. It was up from May's 49.6, which was an 11-month low, and beat consensus that had expected a drop to 49.5.
Levels above 50 signal an expansion, while levels below 50 indicate contraction.
Tesla’s high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night.
“Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 on Friday”
Musk added that production was expected to grow exponentially with 100 cars in August rising to more than 1,500 in September and that the firm would be on track to reach 20,000 Model 3s per month by December.
Shares in Tesla were up nearly 3% in pre-market trade Monday.