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Analysts at TD Securities, (TDS), the markets opened the week on a positive note.

Key Quotes:

“Markets opened the week on a positive note with North American equities extending the rally from the European session, with the S&P 500 rising 0.9% while the TSX saw a 0.5% gain to surpass its 2018 highs. Fixed income bear-steepened on both sides of the border as USTs narrowly outperformed Canadian rates.”

“The USD was mixed against G10 FX on Monday. Cable (-0.3%) came under pressure after a number of officials resigned from PM May’s cabinet over the state of Brexit negotiations while CAD (-0.3%) softened ahead of this week’s BoC decision. China-linked currencies (AUD: +0.5%, NZD: +0.1%) led G10 FX.”

“Germany’s ZEW index, UK GDP, and Brexit developments will serve as the main drivers for sentiment on Tuesday.”