Market Wrap: Bonds Gain, Dollar Drops as CPI Data Revealed

Treasury yields and the dollar declined, while US stock futures remained steady ahead of a crucial inflation report. Investors are cautious ahead of a heavy load of economic data and interest-rate decisions this week, with the focus on whether the Federal Reserve will try to temper policy easing expectations. Oracle Corp. shares fell after disappointing second-quarter revenue. European stocks were stable, with optimism surrounding central bank policy easing. UK government bonds rallied as wage growth slowed, signaling a cooling labor market. The Bank of England, European Central Bank, and other central banks are set to announce policy decisions this week. The US consumer price index is expected to decline, which could shift the Fed to an easing stance. The yen rebounded after a decline triggered by a report suggesting the Bank of Japan sees no rush to scrap negative interest rates. Oil prices were steady, while gold and Bitcoin rose.