U.S. stock futures traded higher in Europe Monday on a day when the cash markets are closed for the Martin Luther King Jr. holiday. The March Dow Jones Industrials futures contract was up 0.7% at 8,301 at 1115 GMT. The March S&P 500 future was up 0.9% at 855.90, and the March Nasdaq 100 future was up 1.7% at 1,197.0. The advance followed gains for stock prices in both Asia and Europe, where they were helped by news from the U.K. of a second bank rescue plan. The FTSE 100-share index in London was up 1.6% at 4,213.90, the DAX in Frankfurt was up 1.3% at 4,422.80, and the CAC-40 in Paris was up 1.2% at 3,053.08. The pan-European Dow Jones Stoxx 600 index stood 0.8% higher at 194.44. The moves came after the U.K. government unveiled its second massive bank rescue plan in a renewed effort to shore up the financial system and revive lending by insuring banks against further losses.

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