Stocks headed for early gains

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NEW YORK (CNNMoney) -- U.S. stocks were set to open higher Monday as oil, gold and silver prices continued to climb, and investors geared up for a week of fresh economic data.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq Composite (COMP) futures rose ahead of the opening bell. Futures measure current index values against perceived future performance.

Stocks edged higher Friday, as a steep sell-off in the euro dampened U.S. investor enthusiasm about a stronger-than-expected jobs report.

But all three indexes closed down more than 1% for the week, as a steep sell-off in commodities -- especially silver and crude -- spilled over into the broader market.

Part of the reason for the pullback in commodity prices last week was that they may have risen too rapidly. One market watcher expects commodities to resume their upward march.

"The global economic outlook is actually quite strong, and as long as that is the case, there is going to be a demand for commodities," said Mark DeGennaro, managing director at The Collingwood Group. "What you would like to see is a more steady appreciation, rather than a run-up."

Meanwhile, sovereign debt woes continue to plague Europe.

Investors will continue to keep an eye on Greece. Late last week, there were rumors about the country abandoning the eurozone. But early Monday, reports swirled about the debt-ridden country considering another bailout to fund its debts.

But this isn't the first time investors have seen Greece struggle with its debt. "We have seen this show before," said DeGennaro. And the European Union "will step up and accommodate Greece in some form or fashion and this issue will be pushed to the back burner."

China will also be on investors' minds Monday. The country will release its latest trade gap figures overnight. Meanwhile, Treasury Secretary Tim Geithner will meet with Chinese leaders Monday and Tuesday to talk about economic issues, which will most likely include discussions about the yuan-dollar relationship.

Companies: Tyson Foods (TSN, Fortune 500) reported earnings per share that beat by a penny but the company missed on revenue. Shares were flat in premarket trading.

Also, Citigroup (C, Fortune 500) conducted a 1-for-10 reverse stock split after the closing bell Friday, meaning that the number of shares outstanding were reduced to bolster the stock price. Shares edged down in premarket trading.

Economy: The Federal Reserve will issue its quarterly survey on household credit after Monday's opening bell.

Among the key reports due later in the week are the March trade balance, due Wednesday, the April retail sales figures on Thursday and a reading on April consumer prices slated for Friday.

World markets: European stocks were all lower in midday trading as investors continued to fret about Greece's debt problems. Britain's FTSE 100 edged down 0.6%, the DAX in Germany fell 1% and France's CAC 40 slid 1%.

Asian markets ended mixed. The Shanghai Composite edged up 0.3% and the Hang Seng in Hong Kong rose 0.8%, while Japan's Nikkei slid 0.7%.

Currencies and commodities: The dollar edged up against the Japanese yen very slightly, dipped against the euro and was little changed against the British pound.

Oil for June delivery gained $2.16 to $99.34 a barrel.

Gold futures for June delivery rose $8.40 to $1,500 an ounce.

Silver futures for July delivery rose $1.44 to $36.73 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury slipped, pushing the yield up to 3.17%.