FILE PHOTO: A man wearing a face mask, following the coronavirus disease outbreak, stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly Song
Expectations have been building that inflation will pick up as governments and central banks continue massive spending and easy money policies until officials are certain that their economies will recover from the coronavirus pandemic. Wall Street reached all-time closing highs on Monday as the Nasdaq Composite added nearly 1% and the S&P 500 and the Dow Jones Industrial Average gained about 0.75%.
Oil prices rose more than 2% on Monday to their highest levels in more than a year, with Brent nudging past $60 a barrel.
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