Stock futures are pointed comfortably higher this morning, after a strong close last Friday from the major indexes translated into weekly wins. The Dow Jones Industrial Average (DJI) is signaling a triple-digit gain, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also higher as bond yields continue to cool off. The Fed will stay in focus this week, with two central bankers takingthe mic at the NABE Economic Policy Conference in Washington, D.C., ahead of new Fed Chair Jerome Powell's Congressional testimony later this week.
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The busy week kicks off with speeches from St. Louis Fed James Bullard and Fed Vice Chairman Randall Quarles, alongside a new home sales data. Earnings are expected from Corelogic (CLGX), Dean Foods (DF), Eagle Pharmaceuticals (EGRX), Nutrisystem (NTRI), Palo Alto Networks (PANW), and Tenet Healthcare (THC).
It was a positive finish in Asia today, following Wall Street's bullish lead on Friday. Chinese stocks outperformed, after regulators recommended postponing a reform to Beijing's current initial public offering (IPO) procedure and the country's Communist Party suggested eliminating the cap on presidential terms. At the close, China's Shanghai Composite was up 1.3%, while Hong Kong's Hang Seng added 0.7%. Elsewhere, Japan's Nikkei added 1.2%, and South Korea's Kospi tacked on 0.3%.
European markets are higher at midday, with tech shares leading the charge after several telecoms -- including Nokia -- unveiling more details around scheduled roll outs of 5G networks. Ahead of an afternoon speech from European Central President (ECB) Mario Draghi, the French CAC 40 was 0.6% higher and the German DAX was up 0.4%. London's FTSE 100, meanwhile, was flirting with a 0.5% lead at last check.