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US stock-index futures climbed on Monday after American lawmakers struck a deal to fund the government through the fall, and as investors awaited a round of economic data.

With just over two hours to go before the opening bell in New York, S&P 500 futures gained 0.19 per cent to 2,385, Dow Jones Industrial Average futures climbed 0.16 per cent to 20,906 and Nasdaq 100 futures advanced by 0.24 per cent to 5,594.8.

Investors started the week on an upbeat tone after headlines broke late on Sunday that Congress forged a deal that will avert a government shutdown, knocking-out another near-term risk factor.

Haven assets came under moderate pressure. The 10-year Treasury note yield, which moves in the opposite direction of the price, ticked higher by 0.0126 percentage point to 2.293 per cent. Gold slipped 0.4 per cent to $1,263.24 a troy ounce, while the US dollar climbed by 0.18 per cent against the Japanese yen.

Many major equities bourses in Europe and Asia were closed on the day, something that could lead to lighter-than-usual trading volumes in the US.

Still, the economic docket is heavy on the day. Data are due out on US consumer personal spending and income, the factory sector and construction spending.

Corporate reporting season also continues this week, with big names like Apple and Facebook slated to report. Earnings have been generally upbeat so far, with the rate of S&P 500 profit growth poised to rise by double-digits for the first time since 2011.

Copyright The Financial Times Limited 2017. All rights reserved.
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