• Dow Jones is the clear winner of the major US equity indexes on Monday.
• The Dow Jones is up over three-quarters of one percent to kick off the trading week.
• Key US data data due later in the week as rate cut hopes grip September.

The Dow Jones Industrial Average (DJIA) gained ground on Monday, extending a near-term rebound and on pace to see one of its best single-day performances in June. Treasuries are holding flat and investor sentiment, while mixed, is holding broadly in place as rate cut hopes continue to hold out for a September rate trim.

Key US data looms ahead later in the week, with an update to annualized US Gross Domestic Product (GDP) for the first quarter on Thursday and a new print of US Personal Consumption Expenditure (PCE) Price Index inflation slated for Friday. Investors will broadly be looking for cooling inflation metrics and slightly soft economic figures to drive the Federal Reserve (Fed) towards a rate cut in September, but both too-good and too-bad figures will spark a dogpile into safe havens