From Bloomberg

• "US equity futures contracts kept to narrow ranges as traders looked forward to a key US inflation print later for clues on the outlook for interest-rate cuts.

• S&P 500 futures slipped 0.1%. European stocks were supported by positive earnings news. An index of Asian shares advanced.

• Treasury yields edged higher, with the 10-year adding a basis point to 4.55%. Yields have been elevated since data late last week showed a healthy US labor market and supported the Federal Reserve’s patient stance on any further rate reductions. An index of dollar strength edged higher.

• The stakes for markets are high going into Wednesday’s consumer price index numbers. Economists expect so-called core CPI excluding food and energy to rise 0.3% from the previous month in January, picking up from an increase of 0.2% in December. 

• “We have to watch 10-year Treasury yields very carefully,” said Kenneth Broux, a strategist at Societe Generale in London. Hotter-than-expected inflation could easily push the yield to 4.60% “and the whole risk-on trade will be back on hold,” he said."