S&P 500 Futures: Record High

WORLD HEADLINES – The US dollar made a strong start to the week, rising with Treasury yields and U.S. stock futures on the back of progress for the Republican tax-overhaul plan. European equities rebounded after Friday’s slump, though it was a mixed picture across Asian gauges.

STOCKS – Futures on the S&P 500 Index jumped 0.6 percent to the highest on record.

BONDS – The yield on 10-year Treasuries increased three basis points to 2.39 percent.

COMMODITIES – West Texas Intermediate crude decreased 0.9 percent and gold fell 0.6 percent to the weakest in a month.

CURRENCIES – The greenback gained, while both the euro and pound slipped versus most of their major peers before a potentially pivotal Brexit meeting.

ECONOMIC DATA – Eurogroup Meetings (all day), US Factory Orders m/m at 10:00, AUD Current Account at 19:30, CNY Caixin Services PMI 20:45, RBA Rate Statement at 22:30 ET.