UPDATED 6:55 am ET
STOCKS – European stocks rose to a three-week high amid optimism the Bank of Japan’s stimulus will fill some of the gap left by the end of Federal Reserve bond buying. U.S. index futures and Asian shares also rallied.
BONDS – Treasuries fell, extending a second week of losses, as the Bank of Japan’s unexpected decision to increase the amount of money it pumps into the economy damped demand for safer assets.
COMMODITIES – Gold and silver slumped to the lowest level since 2010 as the dollar strengthened after the Bank of Japan unexpectedly boosted unprecedented stimulus and the Federal Reserve ended asset purchases.
CURRENCIES – Bank of Japan Governor Haruhiko Kuroda is forcing analysts to think hard about the speed of projected yen declines after he surprised markets for a second time with monetary stimulus.
ECONOMIC DATA – CAD GDP m/m and US Personal Spending m/m due at 8:30, Chicago PMI at 9:45, Revised UoM Consumer Sentiment at 9:55 ET.
