Stocks were poised to open 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.
Futures on the S&P 500 (^GSPC) fell about 0.2%, while those on the Dow Jones Industrial Average (^DJI) were trading just below the flatline. Futures on the tech-heavy Nasdaq 100 fell more than 0.3% to lead the losses, after all three major averages closed lower on Friday.
Eyes are on 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.
Click here for the latest stock market news and in-depth analysis, including events moving stocks
Read the latest financial and business news from Yahoo Finance