US stock futures experienced a slight downturn on Tuesday as investors braced themselves for the impending Consumer Price Index (CPI) report, eager to decipher its implications for inflation in the context of newly implemented tariffs. The market also anticipates retail sales and producer price data later in the week for a more comprehensive understanding of the economy’s strength.
- On Monday, the Dow Jones climbed 2.81%.
- The rally was influenced by an agreement between the US and China to temporarily reduce tariffs for a 90-day period.
The news signals a period of anticipation and potential volatility for the asset. While recent gains suggest positive momentum, the upcoming economic data and the ongoing trade negotiations introduce uncertainty. The asset’s performance will likely be sensitive to inflation figures and any further developments in trade relations.