Futures muted; U.S. CPI, earnings ahead this week - what's moving markets
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U.S. stock futures were little changed on Monday, with markets taking some caution ahead of a week of major economic data and company results. The S&P 500 closed above 5,000 for the first time ever to end the prior trading week. The monthly U.S. consumer price index (CPI) is expected to show that headline price growth in the world's largest economy slowed on both an annual and monthly basis in January. Over 60 firms in the S&P 500 are due to unveil results this week. Diamondback Energy and Endeavor Energy Resources are reportedly closing in on a merger that would create an oil-and-gas giant worth over $50 billion. Oil prices fell in European trade on Monday as investors locked in some profits after stellar gains over the prior week.
#StockMarket #U.s.Cpi #Earnings #Mergers #OilPrices