US stocks are set to open lower after the three-day weekend as both oil and bonds ticked up.
Equity futures point across the board across about 1% for the S&P 500 and over 1.7% for the Nasdaq Composite after last Friday's mixed session.
The 10-year government bond yield rose to 1.84%, increasing pressure on equities.
|I: DJI||DOW JONES On average||35911.81||-201.81||-0.56%|
|I: COMP||NASDAQ COMPOSITE INDEX||14893.75271||+86.94||+0.59%|
Oil also rose to the $ 84 level after an attack on an oil plant in the capital of the United Arab Emirates that killed at least three people.
|USE||UNITED STATES OIL FUND LP||59.97||+1.70||+2.92%|
In deal news, Microsoft is buying Activision in a $ 68.7 billion deal, giving the software giant a head start in the gaming world with titles including 'Call of Duty' and 'Candy Crush', the companies announced on Tuesday.
|THAT WE||ACTIVISION BLIZZARD INC.||65.39||+1.22||+1.90%|
In earnings, Goldman Sachs shares are in focus after the fourth-quarter profit fell to $ 10.81 per share.
|GS||GOLDMAN SACHS GROUP INC.||380.94||-9.86||-2.52%|
Bank of America, Bank of New York Mellon, Charles Schwab and PNC Financial Services must also report before the market opens.
Unilever shares fell after Fitch Ratings warned that a downgrade could come, citing the company's strategy focusing on healthcare, which includes its planned acquisition of GlaxoSmithKline's consumer unit.
Separately, 23andMe expanded a joint immuno-oncology program.
|ME||23ANDME HOLDING CO||5.18||-0.23||-4.25%|
|BAC||BANK OF AMERICA CORP.||47.91||-0.85||-1.74%|
|BNY||BLACKROCK NEW MOUTH INCOME TRUST||14.62||-0.08||-0.54%|
|BLACK||CHARLES SCHWAB CORP.||95.53||+2.15||+2.30%|
|PNC||PNC FINANCIAL SERVICES GROUP INC.||222.20||-4.25||-1.88%|
Meanwhile, Interactive Brokers and JB Hunt Transport Services will report after the clock.
|IBKR||INTERACTIVE BROKERS GROUP INC.||74.75||-0.92||-1.22%|
|JBHT||JB HUNT TRANSPORT SERVICES INC.||202.07||-2.12||-1.04%|
Keep an eye on telecom stocks, including Verizon and AT&T, with the rollout of 5G tomorrow.
|VZ||VERIZON COMMUNICATIONS INC.||53.28||-0.24||-0.45%|
In terms of economic data, investors will see the National Association of Home Builders' housing market index.
In Asia, the Bank of Japan concluded a two-day political meeting without major changes. Its benchmark rate remains at a long-term minus 0.1%.
Price increases in Japan have been less pronounced than in the United States and some other nations, although the central bank raised its inflation forecast for the fiscal year beginning in April to 1.1% from an earlier estimate of 0.9%.
Japan's benchmark Nikkei 225 fell 0.3% to 28,257.25. Australia's S & P / ASX 200 lost 0.1% to 7,408.80. South Korea's Kospi fell 0.9% to 2,864.24. Hong Kong's Hang Seng fell 0.4% to 24,112.78, while the Shanghai Composite rose 0.8% to 3,569.91.
The Associated Press contributed to this report.