Stocks, Dollar Wait on US Data for Fresh Impetus – Europe Market Wrap

US equities futures remained in modest ranges, alongside Treasuries and the dollar, as traders waited for US inflation statistics to provide market direction.

Contracts on the S&P 500 and the tech-heavy Nasdaq 100 were largely unchanged. Meme-stock speculators flocked back into GameStop and AMC after their shares rose the previous day, reviving the retail enthusiasm.

10-year Treasury rates were barely altered ahead of the announcement of US producer prices on Tuesday, a crucial inflation indicator. Federal Reserve Chair Jerome Powell is also slated to speak, and the consumer price index for Wednesday is expected to indicate stabilisation while staying too high to accelerate the pace of rate decreases.