U.S. CPI and earnings ahead, 'Barbie' tops $1 bn - what's moving markets

investing.com:

Investing.com — U.S. stock futures rise, hinting at a rebound from weekly declines on Wall Street, as investors gear up for key inflation data later in the week as well as the final leg of the latest quarterly earnings season. Meanwhile, «Barbie» surpasses $1 billion in global ticket sales.

1. Futures higher as inflation data looms

U.S. stock futures pointed higher Monday as investors looked ahead to the release of key monthly inflation figures later in the week and prepared for more corporate earnings.

By 05:05 ET (09:05 GMT), the Dow futures contract gained 74 points or 0.21%, S&P 500 futures added 15 points or 0.33%, and Nasdaq 100 futures rose by 69 points or 0.45%.

The main indices on Wall Street fell to end the previous trading week, with the benchmark S&P 500 and tech-heavy Nasdaq Composite slipping to their fourth-consecutive day of declines — the longest losing streak since May. Data showing weaker-than-anticipated jobs growth in July, as well as disappointing hardware sales from tech behemoth Apple (NASDAQ:AAPL), both factored into market sentiment.

Highlighting the economic agenda this week is the U.S. consumer price index for July, which could give traders further insight into the potential policy path ahead for the Federal Reserve. Meanwhile, Walt Disney (NYSE:DIS) is set to publish its third-quarter results on Wednesday (see below).

2. Headline inflation seen accelerating

Economists predict that inflation in the U.S. grew at a faster pace for the first time since June 2022 last month, possibly complicating the emerging narrative of easing price growth in the world's largest economy.

The consumer price index (CPI) for July is expected to accelerate to 3.3% annually, up from 3.0% in the prior month.