
A Market With a New Price
Supermarket futures traded on the U.S. futures market for the first time Monday, raising hopes that prices will rise.
The benchmark U.K. contract was trading for around $11.05 a pound, up about 6 percent from a low of $10.19.
The U.I.E. contract, which is based on the International Monetary Fund’s outlook for inflation, was trading at $10,500 a pound up 6 percent.
The move came as the price of a benchmark German benchmark index surged after it climbed for the second straight day.
The FTSE 100 gained 1.8 percent in early trading.
The market was also boosted by the latest data showing a drop in the cost of gasoline in the U.-Korea trade.
That helped drive up the price, pushing the price to a three-month high of $1.18 a gallon.
The price also surged on the news of President Donald Trump’s withdrawal of the United States from the Paris climate accord.
Trump is expected to announce Tuesday that the United State will withdraw from the accord.
The accord was designed to fight global warming by limiting the increase in global temperature to no more than 2 degrees Celsius above pre-industrial levels.