Opening Bell: Futures, European Stocks Rise With Reflation Trade; Oil Surges – Investing.com

Opening Bell: Futures, European Stocks Rise With Reflation Trade; Oil Surges – Investing.com

US CPI may provide clues about policymakers’ intentions

Aluminum jumps to $3,000

Bitcoin falters further

Key Events

European shares as well as futures on the , , and rallied in trading on Monday ahead of key US figures which are due for release on Tuesday. The announcement may offer further clues about the US Federal Reserve’s plans to pare its asset purchasing program, as well as the inevitable path to higher interest rates.

Treasury yields and the dollar are in a holding pattern as traders await the data which my be a catalyst for another move, like were earlier in the month.

Global Financial Affairs

This morning US futures were all in the green. Contracts on the Russell 2000 led the advance, doubling gains seen for NASDAQ 100 futures, which lagged.

Europe's Index rose with energy firms, tracking a rally in oil. Industrial metals advanced amid ongoing supply complications, and hit $3,000 for the first time in 13 years.

Monday's Asian session was volatile, with most regional stocks initially down amid ongoing regulatory clampdowns in China and Japan’s wholesale inflation reaching a 13-year high (matching aluminum in that way), which is expected to spill over to retail prices.