08:56 AM EDT, 08/12/2024 (MT Newswires) -- US equity futures posted narrow gains ahead of Monday's opening bell as traders searched for fresh impetus after a volatile week amid concerns of a US economic growth slowdown.

Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures rose 0.2%, and Nasdaq futures were up 0.3%.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% at $80.47 per barrel and US West Texas Intermediate crude up 1.3% at $77.83 per barrel.

There are no major economic data due for release this Monday, but traders are looking ahead to the producer price index to be released on Tuesday, followed by the consumer price index on Wednesday.

In other world markets, Hong Kong's Hang Seng ended 0.1% higher, China's Shanghai Composite finished 0.1% lower, while the Japanese market was closed for holiday. UK's FTSE 100 rose 0.4%, and Germany's DAX index gained 0.2% in Europe's early afternoon session.

In equities, shares of KeyCorp ( KEY ) were 18% higher pre-bell after the financial services company secured a $2.8 billion strategic investment from The Bank of Nova Scotia. Starbucks ( SBUX ) shares rose 2.5% following reports that activist Starboard Value has acquired a stake in the coffee chain.

On the losing side, Hawaiian Electric (HE) shares slumped more than 14% after the company issued a "going-concern" assessment. B. Riley Financial ( RILY ) shares retreated more than 44% after the company said it expects to book a non-cash markdown of $330 million to $370 million in Q2 related to its investment in Freedom VCM.