Stocks Rally Ahead of Big Week for Rates Earnings – Europe Market Wrap

US stock futures rose on the back of market advances in Europe and Asia, indicating increased optimism ahead of important central bank decisions and big tech earnings this week.

The Nasdaq 100 and S&P 500 indices are poised to continue their recovery for a second day following last week’s tech-fueled fall. Treasury rates fell four basis points to 4.16%, while the dollar nudged higher versus a basket of currencies. Europe’s benchmark stock index increased 0.5%.

In the coming days, investors will focus on monetary policy choices in the United States, Japan, and the United Kingdom. Traders will be looking for answers on the near-term course of interest rates, after markets were thrown off by conflicting signals from key economies.

In commodities, oil fell to a six-week low as concerns about global demand eclipsed strong Chinese growth data and renewed Middle East tension. Gold soared, with supporters hailing the precious metal as the finest portfolio hedge in the event Donald Trump retakes the presidency.