During tense Asian trade on Monday, U.S. stock futures rose after authorities revealed plans to limit the impact of Silicon Valley Bank's (SVB) collapse. Investors were less certain about an interest rate hike this month, which caused the dollar to decline.

Goldman Sachs predicted that the U.S. Federal Reserve would not raise interest rates next week, resulting in the largest rally for short-term Treasuries since 1987.

Investors responded to the news by pushing up U.S. S&P 500 stock futures by 1.6%, while Nasdaq futures rose by 1.7%. The Fed fund futures also surged, with any chance of a half-point hike being eliminated, as compared to the 70% chance before the news about SVB broke last week.

In currency markets, the dollar decreased by 0.9% against the safe-haven Japanese yen, reaching 133.78. The euro strengthened by 0.8% to $1.0735, as short-term U.S. yields dropped.

Gold prices rose by almost 1% to $1,885 an ounce, after having already increased by 2% on Friday. Oil prices experienced a fluctuation, with U.S. crude rising by 26 cents to $76.94 per barrel.