World markets got a boost Monday after Cyprus and EU negotiators reached a deal on a €10 billion bailout for the tiny island nation.
The new bailout program includes deep restructuring of the country's banking sector; one major bank will broken up immediately.
U.S. stock futures were higher ahead of the opening bell. With no major corporate earnings or economic reports on tap Monday, news on Cyprus could dominate.
CNN's Christine Romans has more on "Early Start" on how the bailout news could affect the markets.
READ MORE: Stocks: Positive reaction to Cyprus deal