International Markets Roundup

[Morningstar with Dow Jones]: US stocks rose, notching their biggest weekly gains in months following a strong streak of earnings reports.

Local markets are expected to open higher

The Australian SPI 200 futures contract was up 31 points or 0.42 per cent at 7,364 near 8.00 am AEST on Monday.

TOP STORIES

Cashed up and ready to pounce: Editor's Note

Investors are building up stockpiles of cash to swoop in on bargains when the dip comes along.

Larry Summers blasts the Fed for inaction on inflation

Former US Treasury Secretary attacks the consensus around transitory inflation.