- Investors braced themselves for an action-packed week, including the release of US consumer price data that may show the inflation struggle isn't over, killing hopes of a federal reserve rate turnaround. Wall Street equity futures were steady, and European markets registered slight gains.
- After the underlying index suffered its first weekly loss of 2023, contracts on the S&P 500 were marginally changed while those on the tech-heavy NASDAQ 100 increased.
- Following a selloff in US government securities on Friday that increased the 10-year treasury yield by seven basis points, treasuries were in a range. An indicator of dollar strength increased.
- With inflation and jobs data anticipated to continue to be strong later this week, investors are reevaluating how high US interest rates will rise this year. The Fed Rate is expected to peak at 5.2% in July, up from less than 5% a month ago, as a result of this.
