U.S. stocks rise before slew of interest-rate decisions

​Stocks climbed as traders prepared for a week packed with interest-rate decisions from major central banks. Tesla was poised to set a record winning streak after a rush of positive news for the electric-car maker.

Consumer products and auto shares led the advance in Europe, while rising U.S. futures signaled a further advance into bull-market territory for the S&P 500. Adidas AG rallied after an upgrade from analysts at Bernstein who cited improved perceptions of the German sportswear maker's brand. Tesla shares rose in premarket trading, headed for a 12 day of gains. The company's superchargers are leading the race to become the industry standard in the U.S.

A busy calendar for investors kicks off with Tuesday's U.S. inflation report, on the eve of the Federal Reserve's latest policy decision. Positioning in rates markets suggests one more Fed hike, with the likelihood that the move comes next month rather than this Wednesday. 

“The pace at which policy rates are rising is slowing, or coming to a halt, but this does not mean that the hiking cycle has de facto come to an end,” said Kevin Thozet, a member of the investment committee at Carmignac Gestion. “Central banks are dependent on economic data, so we must prepare for a variety of scenarios.”