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The economic restart has lifted commodity prices. Beyond that, we see structural trends leading to a divergence of fortunes in different commodities.
The International Monetary Fund has raised its global growth forecast to 6% in 2021. U.S. stocks hit record highs and yields traded below 14-month peaks.
U.S. retail and consumer sentiment data will be in focus. Retail sales are expected to rebound from a cold weather-induced decline in February.