Stocks: 4 things to know before the open

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Another day, another dollar.

Here are the four things you need to know before the opening bell rings in New York:

1. Betting on Italy's banks: Italian banks staged a relief rally in the morning after the government announced (statement in Italian) that the country's strongest financial firms had agreed to set up a massive bank bailout fund. Italian banks have taken a big hit this year on concerns about their huge non-performing loans.

2. Global markets overview: Looking across the rest of the world, stock markets are soft. U.S. stock futures are trying to hold onto Monday's closing levels. European markets are all slipping in early trading.

Asian markets ended with mixed results. The Nikkei index in Tokyo was a standout performer with a 1.1% rally.

In the bond market, prices for 10-year government bonds across Europe and the U.S. are slipping as yields move up.

Crude oil futures are rising by 1% to trade around $40.75 per barrel. Gold and precious metal prices are also looking firm.

Related: Fear & Greed Index

3. Stock market movers -- LVMH: The luxury retail group LVMH (LVMUY) has lost its luster after reporting quarterly results that disappointed investors. Shares are dipping by about 4% after the company said global sales increased 4% in the first three months of the year compared to the same period in 2015.

Sales were particularly weak in France, as tourist numbers slumped in the wake of the Paris attacks last November. LVMH owns a variety of brands, including TAG Heuer, Donna Karan and Marc Jacobs.

Related: 20 stocks poised to crush earnings season

4. Monday market recap: U.S. stock markets put in a weak performance on Monday.

The Dow Jones industrial average dipped by 0.1%, the S&P 500 pulled back by 0.3% and the Nasdaq declined by 0.4%.

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