UPDATED 6:45 ET

STOCKS – European stocks rose, with the Stoxx Europe 600 Index climbing for a fifth day, as investors awaited for Federal Reserve Chairman Janet Yellen to deliver her first testimony on monetary policy. Asian shares and U.S. stock-index futures also gained.

BONDS – Treasuries fell for the first time in three days as investors weighed whether Federal Reserve Chairman will signal the U.S. economy is strong enough to withstand cuts in stimulus in testimony today.

COMMODITIES – Gold rose to the highest level since November in the longest rally since August as a weakened dollar spurred demand. Silver extended the best streak in almost six months.

CURRENCIES – The Australian dollar climbed to its highest level in four weeks as home prices rose at the fastest pace since 2010 and business confidence strengthened, adding to signs the nation’s economy is gaining momentum.

ECONOMIC DATA – Fed Chair Yellen Testifies at 10:00, US JOLTS Job Openings due at 10:00 ET, CNY Trade Balance (tentative).