Risk stays in a better spot to start the week
Dip buyers stepped in yesterday to secure a modest advance after some sluggish tones and the more optimistic mood is continuing so far today with S&P 500 futures less than 1% away from its all-time highs currently.

Dollar falls to the lows for the day
USD/JPY is sitting slightly lower around 114.00-10 as it has throughout the session but the rest of the major currencies bloc have pulled higher against the two currencies.

Further remarks by Rehn
The headline is a fair point but even core CPI has jumped up to close to 2% in the latest . Sure, some of the factors driving the surge may be perceived to be temporary but again, what exactly is the definition of transitory here?