In today's equities markets, E-mini S&P futures opened the week with upward momentum, gaining about half a percent to close at 6,650. This marks the highest close for the index since St. Patrick's Day on March 17. Despite the positive price action in the underlying index, market volatility unexpectedly moved higher rather than following its typical inverse relationship. This simultaneous rise in both equities and volatility was largely attributed to rising uncertainty and escalating geopolitical risks in the Middle East. Looking ahead to the rest of the week, traders are preparing for Tuesday's release of the ADP employment change and durable goods data, followed by the highly anticipated March FOMC minutes on Wednesday.
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