Stocks opened slightly lower on Monday, kicking off a week where the focus will be on inflation, interest rates and the start of the second-quarter earnings season.
The tech-heavy S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI) and Nasdaq Composite (^IXIC) slipped below the flatline.
Wall Street is eagerly awaiting U.S. consumer and producer inflation reports due later this week, which should show price pressures easing. This could prompt the Federal Reserve to ease rate hikes later this year, although it is still seen as likely to rise in July, even after some cooling in the June jobs report.
Meanwhile, in China, fresh price data has raised the specter of deflation in the world’s second-largest economy as Beijing’s stimulus measures appear to be failing.
Further afield, investors are bracing for big-name financial results, with second-quarter reports from major banks such as JPMorgan and Citi on record Friday.
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