India, June 30 -- The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to see further upside after ending last Friday's volatile session mostly higher.

The upward momentum on Wall Street comes amid ongoing optimism about trade deals ahead of the impending deadline for U.S. reciprocal tariffs early next month.

Positive sentiment has also been generated in reaction to news Canada has rescinded its digital services tax on American tech firms, which were initially set to begin being collected today.

The move comes after President Donald Trump said last Friday that ending trade talks with Canada due to the digital services tax.

"Rescinding the digital services tax will allow the negotiations of a...