REFILE-US STOCKS-Wall St set to open higher on Mexico relief, M&A cheer

(Adds dropped word "was" in first paragraph)
* Trump calls off tariffs as Mexico vows to tighten borders
* U.S. automakers GM, Ford rise
* United Tech, Raytheon gain on $121 bln deal
* Salesforce.com falls after deal to buy Tableau Software
* Futures up: Dow 0.47%, S&P 0.45%, Nasdaq 0.56%

By Aparajita Saxena
June 10 (Reuters) - Wall Street was set to open higher on
Monday after the United States abandoned plans to impose tariffs
on Mexican goods, while a multi-billion dollar deal between
United Technologies and Raytheon added to the cheer.
Mexico agreed to step up efforts to stem the flow of illegal
Central American migrants, after U.S. President Donald Trump had
threatened to impose 5% import tariffs on all Mexican goods
starting Monday if the Latin American country did not commit to
do more to tighten its borders. U.S. automakers, which have long built vehicles in Mexico,
rose in premarket trading, with General Motors Co GM.N gaining
2.2% and Ford Motor Co F.N 1.7%.
Corona beer maker Constellation Brands STZ.N , which has
significant Mexico exposure, rose 3.5% following the settlement.
United Technologies Corp UTX.N rose 2.8% after the company
agreed to combine its aerospace business with defense contractor
Raytheon Co RTN.N and create a new firm worth about $121
billion. Shares of Raytheon jumped 6.1%. "Anytime we see corporate finance activity, it usually
signals that business activity is good overall," said Andre
Bakhos, managing director at New Vines Capital LLC in
Bernardsville, New Jersey.
In another deal, Salesforce.com Inc CRM.N said it would
buy big data firm Tableau Software DATA.N for $15.3 billion.
Shares of Tableau jumped 33.7%, while those of Salesforce fell
5.4%. Adding to the optimism, China's exports unexpectedly grew in
May despite higher U.S. tariffs, but imports fell the most in
nearly three years. Increased bets on a Federal Reserve interest rate cut to
stimulate the economy following dismal jobs data on Friday
helped the S&P 500 .SPX and the Dow Jones Industrial Average
.DJI record their biggest weekly gains since the end of
November.
The S&P is now about 3% away from its all-time high hit in
early May.
At 8:44 a.m. ET, Dow e-minis 1YMc1 were up 122 points, or
0.47%. S&P 500 e-minis ESc1 were up 13 points, or 0.45% and
Nasdaq 100 e-minis NQc1 were up 41.75 points, or 0.56%.
Even though the Mexico dispute dissipated, the U.S.-China
trade war remained in the spotlight. A Group of 20 finance
leaders said trade and geopolitical tensions have raised risks
to improving global growth, but stopped short of calling for a
resolution of the conflict. Among other stocks, Kraft Heinz Co KHC.O gained 4.7% after
the packaged food company said the numbers it restated last
month were accurate following completion of an internal
investigation.