The major averages are indicated higher after global equity markets cheered G-20 pledges of additional economic stimulus. Thirty minutes before the opening bell on Wall Street, stock index futures hint at a possible 80 or 90-point early gain for the Dow Jones Industrial Average.

Equity markets are higher across the Asia/Pacific and in Europe after the G-20 group of central bankers and finance ministers agreed to continue economic stimulus measures. In a meeting in Scotland over the weekend, the G-20 pledged to “continue to provide support for the economy until the recovery is assured.”

In Asia, Japan’s Nikkei gained .2 percent, Hong Kong’s Hang Seng rallied 1.7 percent, and India’s Sensex rose more than 2 percent. A 1.6 percent advance in Germany’s DAX is leading markets higher acrose Europe.

In the US, the day’s news is light. The economic calendar is void of any data until weekly jobless claims Thursday. Consequently, bonds are little changed in light trade. The benchmark ten-year Treasury is flat and yields 3.495 percent.

The dollar edged down .11 to 89.86 against the yen. The euro is rallying beyond 1.50 against the buck.

Metals, mining and energy names might see relative strength, as crude and oil move higher early Monday. Crude is up $1 to $78.43 as Hurricane Ida eyes oil facilities in the Gulf of Mexico. Gold is up $12.3 and to another new high of $1108 an ounce.

Among the other stocks to watch, Kraft (KFT) is in focus after the company made a formal bid for UK’s Cadbury. Tesoro (TSO) is up 2 percent after reporting quarterly earning of 24 cents per share, which beat Street estimates by 23 cents. Radioshack (RSH) is rallying on news it will offer iPhones in some of its stores. Sherwin Williams (SHW) is up after the latest issue of Barron’s published a favorable article on the company. Verisign (VRSN) is seeing early weakness, however, after Goldman cut the stock to “Sell.”