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Stocks - Wall Street Set to Open Higher on Last Trading Day of 2018 - Stock index futures indicated a higher opening Monday, but volatility could be the order of the day, with many investors taking the day off ahead of the New Year’s holiday tomorrow.

The S&P 500 Futures pointed to a solid rise of nearly 1% at the opening bell.

With the economic and earnings calendar’s blank, geopolitics could call the tune for trading again.

U.S. President Donald Trump said he held a "very good call" with China's President Xi Jinping on Saturday to discuss trade and claimed "big progress" was being made.

Chinese state media were more reserved, saying Xi hoped the negotiating teams could meet each other half way and reach an agreement that was mutually beneficial.

Trading was mixed in Europe, with the London FTSE off about 0.2% and the Paris CAC rising about 1%. The Frankfurt DAX was closed.

-- Reuters contributed to this report.

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