U.S. stocks were set to open higher on Monday, as mixed global economic data lifted expectations of monetary stimulus from central banks, including the U.S. Federal Reserve. Markets were on course to extend gains from last week, which ended with Fed Chairman Jerome Powell saying the central bank would “act as appropriate” to sustain economic expansion, a phrase that financial markets have read as signs of a potential interest rate cut. The European Central Bank is also expected to cut rates later this week.

source https://finance.yahoo.com/news/us-stocks-wall-street-set-131742786.html?.tsrc=rss