U.S. index futures rose in Monday’s pre-market, extending last week’s gains fueled by Trump’s victory and the Federal Reserve’s interest rate cut. The U.S. bond market will be closed today due to the national Veterans Day holiday. Although it’s a federal holiday, U.S. stock exchanges will operate as usual.

In the commodities market, West Texas Intermediate crude for December fell 1.12% to $69.59 per barrel, while Brent crude for January dropped 0.95% to $73.17 per barrel.

Oil prices are trending down, with reduced concerns over Storm Rafael, which had threatened supply, and investor disappointment over China’s smaller-than-expected economic stimulus, limiting fuel demand growth. Gulf of Mexico rigs are expected to resume operations today, while further measures from China’s next economic meeting are anticipated in December.

In the cryptocurrency market, Bitcoin (COIN:BTCUSD) hit a new record high, reaching an all-time high of $81,943.26. Trump’s victory and support from a pro-crypto Congress provided the momentum for Bitcoin to cross the $81,000 mark for the first time. Enthusiasm centers around potential favorable regulations and the creation of a strategic Bitcoin reserve.

According to CNBC, interest in Bitcoin call options and futures has grown, with open interest surpassing $90,000, reaching $2.8 billion on Deribit, while CME futures premiums hit 14%.

Asia-Pacific markets closed mixed, with China’s CSI 300 up 0.66%. In Japan, the Nikkei 225 rose slightly, but the Topix fell 0.09%. South Korea’s Kospi dropped 1.15%, and Australia’s ASX 200 declined 0.43%.

In October, China’s consumer prices rose 0.3%, the smallest increase in four months. Producer prices fell 2.9%, deepening industrial deflation. Last Friday, Beijing approved a $1.4 trillion package to ease local debt, a move seen by the market as unlikely to significantly boost the economy or demand in the short term.

European markets are trading higher, led by gains in the industrial sector, while the mining sector underperforms.

Among major stock moves, Continental AG (TG:CON) rose 7% after third-quarter results beat estimates. NatWest (LSE:NWG) shares rose 1.7% following the British government’s sale of £1 billion in shares, reducing its stake to 11.4%. Croda International (LSE:CRDA) reported an 8% increase in quarterly sales and reaffirmed its annual targets, with shares up around 5.1%.

The U.S. market closed the week higher, driven by a strong rally following Trump’s election victory and the Fed’s rate cut. The Dow Jones rose 0.6%, closing at 43,988.99, the Nasdaq advanced 0.1% to 19,286.78, and the S&P 500 gained 0.4%, ending at 5,995.54. For the week, the Nasdaq rose 5.7%, the S&P 500 4.7%, and the Dow 4.6%.

The U.S. consumer sentiment index released Friday, measured by the University of Michigan, rose to 73.0 in November, beating expectations of 71.0. Long-term inflation expectations ticked up slightly from 3.0% to 3.1%, while annual inflation expectations fell to 2.6%, the lowest since December 2020.