Global Markets Are Returning to Risk as Geopolitical Tensions Cool
This is what you need to know on Monday:
1. European stocks are set to snap a three-day losing streak Monday as investors gingerly move back into global equities after slower-than-expected U.S. inflation data and a simmering of tensions between the United States and North Korea over the weekend.
2. Overnight in Asia, stocks took their cue from Friday's bullish end to the session on Wall Street and rebounded firmly, taking the MSCI Asia ex-Japan index, the region's broadest measure of share prices, 0.74% higher by 06:45 London time.
3. Global oil prices traded modestly lower in the early European session as investors trimmed positions after slower-than-expected refining rate data from China.
4. Early indications from U.S. futures prices suggest a solid start to the day's trading on Wall Street, with the Dow Jones Industrial Average set to gain around 75 points, or 0.33%, at the opening bell while the broader S&P 500 is priced for an 8.5 point, or 0.35% advance. The Nasdaq, however, could gain as much as 0.6% at the start of trading
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