U.S. equities are en route to a firmer open
U.S. equities are en route to a firmer open after another reflation rally on global stocks overnight despite gains on bonds and a reversal in crude oil from earlier highs. The dollar index has steadied near 101.00, up from earlier 2-day lows of 100.65. The Dow is 44-points higher, S&P gained 4-points and NASDAQ is 18-points firmer in pre-market action. Mining and metals shares have continued to rise given the expectation for infrastructure spending. Asia was higher with the HK Hang Seng +1.4% and China's CSI 300 +0.8%, while Euro Stoxx 50 has gained 0.6% so far. Data is on tap from existing home sales and the Richmond Fed later, along with the 5-year auction results. Medronic sank 4% after lowering guidance, while Palo Alto Networks sank 11% after an earnings miss.