- US stock-index futures declined as investors awaited data that would reveal increasing inflation in the biggest economy in the world. Concern over unimpressive results and international unrest caused the dollar to increase.
- At least 0.5% each of the s&p 500 and Nasdaq 100 contracts fell. As a result of indications that price battles and cash burns are harming profits, Chinese technology companies led a selloff in Asia. Trading in value stocks drove up European stock prices. The candidate for the top position at the Bank of Japan signalled continuation of loose monetary policy, which caused the yen to move lower.
- As they manoeuvre through tightening monetary conditions, traders look for their next spark in the personal consumption expenditures price index, which is the preferred inflation gauge of the Federal Reserve. Yet, central banks are not simply concerned about their commitment to maintain higher rates for longer: The investment environment is made more difficult by slowing GDP, weak corporate performance, geopolitical unrest in places like North Korea and Russia, and China's increasing concentration of power.
