By Oliver Gray
Investing.com - U.S. futures contracts traded lower in early APAC deals on Monday, easing from record highs touched in the previous week as investors weighed mixed domestic data amid a slightly softer than expected inflation report, while consumer sentiment dropped to a near decade low. Meantime, initial jobless claims declined for the 3rd consecutive week and producer prices came in hotter than expected.
Last week, the Dow Jones Industrial Average and the S&P 500 refreshed record highs, posting gains of 0.8% and 0.7%, while the NASDAQ Composite finished the week with a 0.1% decline.
On the bond markets, the US-10 year Treasury yield was at 1.27%.
Investors will also be looking ahead to key economic events including retail sales on Tuesday, as well as housing starts and the release of the Federal Reserve’s latest meeting minutes set to be released on Wednesday.