Investors shy away from bonds and forgo commodities on hopes of economic recovery, while European stocks trade

British Prime Minister Boris Johnson is expected to unveil England’s plan to reopen on Monday, which will start with schools and by the end of March will extend to golf courses and tennis courts, according to published reports. The country’s leave plan is expected to be extended throughout the summer.

Globally, new cases of the coronavirus have plummeted after peaking in January.

Copper HG00,
+ 0.61%
and palladium PA00,
+ 0.37%
led a breakthrough across much of the metals complex on Monday.

“One of the (many) hot stories in financial markets right now is the soaring base metal prices, where players like copper, tin, nickel, lead and zinc are all rallying to the back of global recovery hopes and supply challenges. It comes at a time when investors are starting to think that the Fed is serious about letting inflation skyrocket and bonds are certainly not an asset class to hold in today’s environment. The main challenge for financial markets is whether the liquidation of bonds can be orderly enough to allow reflationary asset classes, including equities, to thrive, ”said ING strategists.

After creaking a 0.2% rise last week, the Stoxx Europe 600 SXXP,
-0.92%
fell 1.1%. YM00 U.S. Equity Futures,
-0.60%

ES00,
-0.79%

NQ00,
-1.23%
were also lower.

Minors including BHP Group BHP,
+ 0.57%
and Rio Tinto RIO,
-0.91%
advanced, and banks including HSBC Holdings HSBA,
+ 0.02%
were helped by the steepening of the yield curve, which suggests higher margins.

Actors in the technology sector such as the manufacturer of microchip equipment ASML Holding ASML,
-2.41%
tear down. Businesses that thrived during the pandemic, such as fast food delivery company Delivery Hero DHER, have also declined.
-4.31%,
HelloFresh HFG meal kit preparer,
-4.82%
and the supermarket delivery company Ocado OCDO,
-4.45%.