Opening Bell: Reflation Trade Sees Futures, Stocks Climb; Dollar, Yields Slide

  • Europe’s STOXX 600 set for longest winning monthly streak since 2013
  • Yields slide below 1.3%
  • Bitcoin falters

Key Events

, , and futures contracts as well as European equities advanced on Tuesday, after US markets carved out new all-time highs in trading on Monday. 

Oil continues to slide as OPEC+’s monthly meeting looms.

Global Financial Affairs

The and tech-heavy posted consecutive records in yesterday’s Wall Street trading session. In Europe today, stocks are set for the seventh month in a row of gains as investors are optimistic that central bank policy will offset risks from the resurgence of the coronavirus.

Miners, automobile makers and technology stocks boosted the Index, which is noteworthy, considering these sectors represent both sides of the reflation trade—value and growth stocks—mirroring the US market.

The UK’s edged lower, even after Monday’s bank holiday. Local traders didn’t appear to feel the need to catch up with US…

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