• Inflation statistics, along with earnings reports, will provide vital insights into company health in an era of growing prices, and US equities futures bounced ahead of them.
  • The S&P 500 and the NASDAQ 100 contracts both gained ahead of the US consumer report, with the tech-heavy NASDAQ leading the way. The prospect of a semiconductor shortage limiting Apple's manufacturing dampened mood.
  • The 10-year Treasury yield in the United States remained below 1.60%, while a dollar index fell. Despite a stop in the rise, crude maintained near $80 per barrel amid a worldwide energy shortage. The price of Chinese thermal coal futures has risen to a new high.
  • Apple shares dipped in the premarket following reports that the company's iPhone 13 production estimates for 2021 might be lowered due to chip shortages, focusing attention on pandemic-related supply-chain snarls as earnings season begins.
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