China trade talks in London and downward revisions to U.S. payroll estimates—suggesting the Fed may consider cutting interest rates later this year, a move typically supportive for stocks. S&P 500 futures traded up marginally this morning after most Asian markets rose and Europe stayed flat in early trading.

European shares were subdued on Monday, after rounding off the previous week with gains, as markets waited another round of Sino-U.S. trade talks later in the day.