SPY
- SPY Long above 442.64 Short below 438.30 U.S. futures started the trading week on a downward trend as investors anticipated the release of U.S. inflation figures and awaited earnings reports from major banks. The Dow futures contract slipped by 0.09%, S&P futures lost 0.24%, and Nasdaq 100 futures shed 0.37%. Last week, the main indices closed in the red due to mixed jobs market data, leading to expectations of an upcoming interest rate hike by the Federal Reserve. Inflation data for the U.S. is a focal point this week, with the consumer price index expected to show a 3.1% annual increase and the core reading indicating a 5.0% year-on-year rise. Additionally, the earnings reports from Citigroup, JPMorgan Chase, and Wells Fargo are anticipated, and China's factory-gate prices experienced the sharpest decline since 2015. Alibaba's shares received a boost after China fined its Ant Group, easing regulatory concerns, and oil prices dipped due to concerns over weak Chinese demand.