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US stock indices are likely to continue the rally today

Futures for US indices show that trading on US exchanges will start in positive territory. Last week, the leading indices recovered with the support of a positive report on the labor market, which also mitigated fears about inflation. On Tuesday and Wednesday, the US consumer price index (CPI) and producer price index (PPI) will be published, which will also shed light on the state of inflation, while traders continue to assess the possible rate of interest rate increase by the Fed this year. Asian stock markets began this week with an increase. Japanese Nikkei climbed 1.7%, despite the recovery of the yen, which usually puts pressure on shares of export companies. At the time of writing, the dollar strengthened against the yen, while oil and gold prices declined slightly. Futures on the S & P 500 rose by 8.25 points.