U.S. stock futures advanced Monday, ahead of inflation data due later this week. Investors are hoping for a further cooling of gains in consumer prices, which would suggest that interest-rate rises from the Federal Reserve are working to tame inflation.
U.S. futures gained. Contracts tied to the S&P 500, Dow industrials and Nasdaq-100 rose between 0.2% and 0.5%. The S&P is on course for a fourth straight day of gains.
The dollar slipped, pausing a monthslong rally. The ICE Dollar Index, which hit a 20-year high last week, dropped 1%, as the dollar fell against the euro and the British pound.
U.S. consumer-price inflation data is likely to be a main focus of the week. The data, due Tuesday, is expected to show asecond month of cooling inflation.
Treasurys rallied. Prices rose modestly, pushing the yield on the benchmark 10-year Treasury note down to 3.306% from 3.321% on Friday.
Oil was little changed, as investors balanced tight supplies with concerns about global demand. Brent crude edged up 0.75% to $93.54 a barrel.
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