(As of 7:15 am PST)
US stocks are rallying to start the week with the Dow
Jones Industrial Average and S&P500 eyeing all-time record highs. Early market action is being driven by
M&A activity while positive trade on international markets is also
propelling markets higher. China stocks
kicked things off Monday, rallying 2%, as investors welcomed new capital market
reforms. Most Asian markets pushed into
the green on the news. European markets followed
suit led by an advancing mining sector as mining companies across Europe
received an upgrade from JP Morgan. Merger
and acquisition announcements are leading the rally in the US today. Economic data is light today with a report on
the treasury budget due out later this morning.
Gold and oil are both higher.
Interest rates are flat and the US dollar is slightly lower.
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