This is What You Need to Know on Monday

This is what you need to know on Monday:

1. European stocks open higher Monday after stronger-than-expected economic data from China added new momentum to the a global equity rally that has taken markets to record highs.

2. China's economy grew at a 6.9% pace in the three months ending in June, officials indicated Monday, thanks to stronger industrial output and export data.

3. The pound was also active in early European trading, holding at a September 2016 high of 1.3093 against the dollar as investor digest a steady stream of reports that point to a lack of a negotiating strategy within the U.K. government with respect to its pending European Union exit.

4. Early indications from U.S. futures suggest both the Dow Jones Industrial Average and the S&P 500 will extend gains from their record closes Friday, while the Nasdaq is poised to add around 0.15% at the opening bell.

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