Geopolitical risks remain high with a delegation of U.S. lawmakers in Taiwan for a two-day trip.EUROSTOXX 50 futures added 0.4% and FTSE futures rose 0.5%. S&P 500 futures and Nasdaq futures were both down around 0.2% after last week's gains.
"Key components of headline inflation, including food and energy are also at an inflection point. Both Wall Street and Main Street now expect inflation to moderate." Those yields have underpinned the U.S. dollar, though it did slip 0.8% against a basket of currencies last week as risk sentiment improved.
"Our sense remains that the dollar rally will resume before too long," argued Jonas Goltermann, a senior economist at Capital Economics.
While in many countries consumers are spending, boosting the economy, consumers in China are saving. Foreign demand is decreasing because consumers are spending on fancy weekends (China's streets still don't look like Caribbean beaches).
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