Financial stocks were edging higher pre-bell Monday, with the Financial Select Sector SPDR Fund (XLF) advancing by 0.2%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.
The Swiss parliament's upper house is set to vote on Monday over delaying new banking regulations that would raise UBS Group's (UBS) capital requirements by about $3 billion, according to media reports. UBS shares were up by nearly 2% premarket.