European stocks trimmed sharp losses in choppy Friday trade, after Wall Street surged at the open, partly rebounding after a plunge on Thursday that yanked both the S&P 500 index and Dow into correction territory. Stocks in Europe, however, were still on track for their worst week in two years.

After last week's roller-coaster ride on Wall Street, U.S. stock futures indicated gains in Monday trading. At 10 p.m. Eastern, Dow Jones Industrial Average futures YMH8, +0.58% were up 156 points, or 0.65%, in early Monday trading in Asia. S&P 500 futures ESH8, +0.58% were up 15.50, or 0.59%, and Nasdaq-100 futures NQH8, +0.41% were up 27, or 0.42%.

Asian stocks began the week on a calm note after a late rally Friday on Wall Street and the worst week in years for many global stock benchmarks. Markets in China SHCOMP, +0.80% , South Korea SEU, +1.17% and Taiwan Y9999, +0.77% were all at least 0.5% higher.