Stocks rise as traders brace for CPI volatility, with mixed performance in corporate highlights

From Yahoo Finance:

US equity futures rose ahead of key US inflation data which will influence the Federal Reserve’s monetary policy decisions. Traders are hedging for a 0.9% move in either direction after the inflation report. European equities advanced, while the yen weakened. Japan’s 10-year bond yield climbed to a three-month high. Oil edged higher, gold dipped, and Bitcoin held above $72,000.

Corporate highlights include Acadia Pharmaceuticals shares falling, Oracle shares rising, and Porsche AG predicting weaker returns due to new model launches. Key events this week include UK Financial Policy Committee meeting, US CPI data release, Eurozone industrial production, and Volkswagen, Adidas earnings reports. In the markets, S&P 500 and Nasdaq 100 futures rose, while the dollar and euro remained stable. Bitcoin surpassed $72,000. Bond yields and commodity prices fluctuated.



Read more at Yahoo Finance: Stocks Rise With Traders Braced for CPI Volatility: Markets Wrap