WORLD HEADLINES – Stocks in Europe gained, following equities from the U.S. to Asia higher as optimism over U.S. tax reform and euro-area economic growth overshadowed concerns about North Korea’s latest missile launch.

STOCKS – The Stoxx Europe 600 Index headed for a three-week high, with banks outperforming after Federal Reserve chair nominee Jerome Powell signaled he won’t add to financial regulations. The DJIA and S&P 500 futures traded to new record highs ahead of the Wall Street opening bell.

BONDS – Risk on flows pushed the yield on 10-year Treasuries higher, Germany’s 10-year yield increased two basis points to 0.34 percent, the biggest increase in almost three weeks.

COMMODITIES – West Texas Intermediate crude dipped 0.9 percent to $57.48 a barrel, the lowest in more than a week.

CURRENCIES – The British pound strengthened after the U.K. cleared a major Brexit hurdle. US Dollar strength across most currencies.

ECONOMIC DATA – US Prelim GDP q/q and FOMC Member Dudley Speaks at 8:30, BOE Gov Carney Speaks at 9:00, MPC Member Ramsden Speaks at 9:45, Fed Chair Yellen Testifies at 10:00, Pending Home Sales m/m at 10:00, Crude Oil Inventories at 10:30, ANZ Business Confidence at 19:00, AUD Private Capital Expenditure q/q at 19:30, CNY Manufacturing PMI at 20:00 ET.