Opening Bell: Markets Wobble Ahead Of Inflation Data, Earnings; Oil Advances – Investing.com

Opening Bell: Markets Wobble Ahead Of Inflation Data, Earnings; Oil Advances – Investing.com

Bank earnings releases could increase market volatility

Changing views on inflation moving markets

Oil trades higher

Key Events

US futures contracts on the , , and , along with European shares, were all in a holding pattern on Tuesday as trade was muted ahead of key economic US data releases and the start of US earnings season.

Having pushed higher over the last two weeks, gold slipped lower.

Global Financial Affairs

Contracts on the Russell 2000—whose listed small cap firms would perhaps gain the most in a post-pandemic world and are therefore the focus of the reflation trade—underperformed, falling 0.2% into negative territory. On the other side of the cyclical spectrum, NASDAQ 100 futures, whose mega tech companies gained the most during the coronavirus lockdowns, outperformed and are 0.3% in the green.

All eyes are firmly fixed on second-quarter earnings season which starts with reports from the and PepsiCo (NASDAQ:) today, an apt pairing as investors will likely work up a sweat in an overactive market.

The start of earnings season could be a catalyst for considerable with the backdrop of rising inflation and a resurgence of the coronavirus. Traders will be looking for indications that companies can continue to profit