Investors Return to Risk as Geopolitical Tensions Cool

This is what you need to know before the bell:

1. European stocks extend the global equity rally as tensions between the U.S. and North Korea cool

2. Gold flows retreat as investors return to risk markets after the strong U.S. equity rally

3. Danone (DANOY) shares rise sharply in Paris amid reports that activist investor Corvex has built a $470 million stake

4. Global oil prices slump as investors react to U.S. shale production estimates

5. Wall Street is set to call higher with the S&P 500 expected to add to its biggest single-day gain since April at the opening bell

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