At around 5:30 a.m. ET, Dow futures pointed to a gain of more than 100 points at the open. Futures on the S&P 500 and Nasdaq were also higher.
Market focus is largely attuned to central bank expectations, with the Fed due to kick-off its two-day policy meeting on Tuesday.
With global economic growth appearing to slow, most market participants anticipate the U.S. central bank to adopt a cautious tone. The Federal Reserve is also expected to lower its interest rate forecasts — or “dot plots” — to show little or no further tightening in 2019.
In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, was little changed from the previous session.
On the data front, January factory orders numbers are due at 10 a.m. ET.
Meanwhile, on the earnings front, FedEx and Tencent Music are expected to report after the bell.
—CNBC’s Sam Meredith contributed to this report.