U.S. stock futures point to a higher opening on Monday as the market reopens after a long weekend. The price consumption expenditure index released Friday showed that the Federal Reserve’s preferred inflation gauge rose in line with expectations.
After stocks scraped through on Wednesday, the market mood has lifted from a general increase in risk appetite. With volatility plunging, all risky bets, such as equities and cryptocurrencies, are rising higher. Crude oil prices rose solidly, and the bond yields moved lower as traders continued to discount an accommodating monetary policy environment based on the recent spate of soft data.
Bank Earnings Beats Push Fed Rate Hike Bets, But Investors Aren t Buying It bnd.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnd.com Daily Mail and Mail on Sunday newspapers.