Stocks start strong as central bank week begins.

Equity Index futures show strong morning gains, led by the Russell and Nasdaq. While gold and silver trade slightly lower, copper shows strength following mixed economic data from China. In the U.S., manufacturing indices arrived softer than expected, though industrial production saw a marginal beat. Crude oil is currently retreating from recent highs reached during the Iran conflict, trading back below $95. Market participants are monitoring upcoming speeches regarding geopolitical developments for potential impact on overnight volatility. The focus now shifts to a light earnings calendar featuring Semtech Corp and Academy Sports, alongside the start of a heavy central bank week. Key rate decisions are expected from the RBA, FOMC, ECB, Bank of Japan and Bank of England.