"Global Markets Brace for US Inflation Data Amidst Mixed Stock Futures"

With Asia on holiday, U.S. markets remain relatively quiet as investors await the U.S. consumer price report for January, which is expected to impact Federal Reserve rate cut predictions. Inflation concerns are heightened as the price of cocoa surges due to poor harvests in Cote d'Ivoire and Ghana, potentially impacting companies like Kraft Heinz, Coca Cola, and Restaurant Brands. Additionally, the UK faces the possibility of confirming a technical recession, while the U.S. retail sales data and several Fed speakers are also anticipated to influence market movements.