WORLD HEADLINES – Stocks in Europe advanced, led by miners, as gains in oil and copper drove Bloomberg’s gauge of commodity prices to a six-month high. The euro weakened and Spanish stocks fell after Catalonia’s leader defended the region’s claim to independence from Spain.

STOCKS – US stock futures traded sideways ahead of the Wall Street opening bell.

BONDS – The yield on 10-year Treasuries rose two basis points to 2.29 percent. Germany’s 10-year yield decreased less than one basis point to 0.40 percent, the lowest in more than two weeks.

COMMODITIES – Copper rised 2.4 percent, hitting the highest in more than three years. The Bloomberg Commodity Index gained 0.4 percent, the highest in six months.

CURRENCIES – The US dollar advanced against its major G10 peers after Federal Reserve Chair Janet Yellen said on Sunday her “best guess” is consumer prices will soon accelerate after a period of surprising softness, a forecast echoed by European Central Bank President Mario Draghi and Bank of England Governor Mark Carney.

ECONOMIC DATA – US Empire State Manufacturing Index and CAD Foreign Securities Purchases due at 8:30, NZD CPI q/q at 17:45, AUD Monetary Policy Meeting Minutes at 20:30 ET.