Sigma
Credit: Reuters/Brendan McDermid
Traders work on the floor of the New York Stock Exchange March 17, 2014.
* China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economists lowered growth forecasts having seen the latest set of weak data.
* U.S. existing home sales data for August is due at 10 a.m.. Expectations call for existing home sales to increase to an annual rate of 5.2 million units versus 5.15 million in July.
* Sigma-Aldrich (SIAL.O) shares are trading up 35.2 percent to $138.35 in premarket. German drugs and chemicals maker Merck KGaA (MRCG.DE) said on Monday it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its life science business.
* Germany's Siemens (SIEGn.DE) has agreed to buy U.S. oilfield equipment maker Dresser-Rand (DRC.N) for $7.6 billion in cash, aiming to catch up with arch-rival General Electric (GE.N) in a booming U.S. shale gas market. Dresser-Rand shares were up 2.6 percent to $81.99 in premarket after climbing more than 17 percent last week in anticipation of the deal.
* S&P 500 e-minis ESc1 were falling 6.5 points, or 0.32 percent, with 145,833 contracts changing hands.
* Nasdaq 100 e-minis NQc1 were down 14 points, or 0.34 percent, in volume of 23,555 contracts.
* Dow e-minis 1YMc1 were down 37 points, or 0.21 percent, with 27,394 contracts changing hands.
(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)
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