Yee-haw! Investors keep pushing stock markets to record highs and it looks like last week’s enthusiasm has carried into this week.
Here are the three things you need to know before the opening bell rings in New York:
Investors seem to be in a giddy mood after China’s central bank surprised the markets with a rate cut Friday and the European Central Bank hinted that it may take emergency action to support the region’s economy.
2. Upbeat German data: A new report on business sentiment in Germany gave investors another reason to cheer.
Germany’s Ifo Business Climate Index inched up in November, following six consecutive months of declines. The report showed manufacturers, retailers, wholesalers and construction firms were all feeling more optimistic about their business prospects.
3. Potential deal with Iran?: Monday is the deadline for Iran to reach a deal with the U.S. and other world powers about the future of its nuclear development program. However, a deadline extension is now being discussed.
Iran has faced long-running sanctions over its nuclear program, with world leaders accusing the nation of developing nuclear weapons, though the country has maintained that it’s focusing on power generation.