Futures Pointing To Notably Higher Open On Wall Street

(RTTNews) - After moving mostly higher over the course of the previous week, stocks are likely to see some further upside in early trading on Monday. The major index futures are currently pointing to a notably higher open for the markets, with the Dow futures up by 88 points.

The upward momentum for the markets is largely due to easing geopolitical concerns amid news that officials from Ukraine and Russia met to discuss a possible truce.

Ukrainian Foreign Minister Pavlo Klimkin met his Russian counterpart Sergei Lavrov in Berlin, with Klimkin saying the talks had brought "moderate progress."

The easing worries about the conflict in Ukraine have led to a rally by stocks in Europe, contributing to the positive sentiment on Wall Street.

Not long after the open, the National Association of Home Builders is scheduled to release its report on homebuilder confidence in the month of August.

Economists expect the NAHB's housing market index to come in unchanged after climbing to a reading of 53 in the previous month.