Wall Street was set for sharp gains at open on Monday as signs of an interest rate reform in China bolstered hopes that major economies would act to stave off the slowing economic effects of escalating global trade tensions. A bond market rally last weak sparked by fears of a slowdown following the inversion of the yield curve eased further on Monday with U.S. Treasury yields rising across the board, helping futures higher. “The yield curve is widening and people are starting to feel like its time to get back into stocks, especially after they’ve gotten cheaper in the past few weeks,” said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.

source https://finance.yahoo.com/news/us-stocks-growing-stimulus-hopes-130615282.html?.tsrc=rss