Investors Brace for Earnings Season Amidst Inflation and Sliding Estimates

US stock futures rose slightly as investors await the release of economic data later this week, including the March readings of the consumer price index and the producer price index. The market is waiting for data to confirm that peak tightening is behind us, said Keith Buchanan, senior portfolio manager at GLOBALT Investments. Meanwhile, European stock markets opened higher, and Bitcoin surpassed the $30,000 mark. The Bank of Korea held its interest rates steady at 3.5%, and semiconductor stocks are vulnerable to a downturn after rallying more than 30% in the first quarter, according to BTIG technical analyst Jonathan Krinsky.