Asian markets were mixed as investors considered the effect of rising inflation on the economy and awaited earnings reports.
Longer-term Treasury yields declined.
The yield on the 10-year US Treasury note fell further below 1.60%, as the yield curve flattened.
Japan and China's stocks fell, while South Korea's climbed, thanks to a solid employment report.
After the S&P500 and Nasdaq 100 fell, US futures declined, with investors waiting to see whether the profit outlook will boost sentiment.
Apple has slipped on a projected reduction in iPhone 13 production estimates for 2021 because to chip shortages, focusing on pandemic-related supply-chain snarls.
Markets are waiting for the release of the US CPI, which is likely to indicate rising inflation.
A rally in oil has paused, but crude remains over $80 per barrel amid a worldwide energy crisis. Chinese thermal coal futures have reached a new high.
Traders continue to keep an eye on China Evergrande Group's financial difficulties. Standard Chartered CEO Winters said that Beijing would not allow the turmoil around the property developer to become a structural disaster. But, there is still uncertainty about what authorities will do next.
In Hong Kong, a storm led to the cancellation of morning trading.
