Markets slip as yields rise ahead of inflation data and AI earnings
TL;DR Summary
Stock futures fell modestly as global bond yields climbed to multi-year highs, extending last week’s stock losses. Investors are eyeing the July personal consumption expenditures price index and the Federal Reserve’s Jackson Hole symposium, while Nvidia and Marvell prepare earnings and Nvidia reportedly plans AI-server price hikes. Asia-Pacific markets opened mixed amid the yield backdrop and ongoing geopolitical concerns over Iran.
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