UPDATED 7:20 ET

STOCKS – European stocks advanced, following their biggest weekly drop since January, as companies from RWE AG to Societe Generale SA sold businesses. U.S. index futures also rose, while Asian shares slipped.

BONDS – Treasuries declined following the biggest weekly advance in two months before the Federal Reserve begins a two-day meeting tomorrow that analysts said will see policy makers further scale back bond-purchase stimulus.

COMMODITIES – Unprecedented natural-gas reserves in Europe, record global grain output and the threat of mutual economic calamity from oil sanctions are cushioning commodity prices even as the Ukraine-Russia conflict spurs a gold rally.

CURRENCIES – Australia’s dollar rose against all but one of its major peers after Westpac Banking Corp. dropped its forecast for further Reserve Bank rate cuts this year.

ECONOMIC DATA – US Empire State Manufacturing Index due at 8:30, TIC Long-Term Purchases at 9:00, Capacity Utilization Rate and Industrial Production at 9:15, NAHB Housing Market Index at 10:00, German Buba President Weidmann Speaks at 11:00, AUD Monetary Policy Meeting Minutes at 20:30 ET.