U.S. stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the U.S. Federal Reserve.
snapped four weeks of declines on Friday as investors hoped signs of a slowdown in the U.S. economy could allow the Fed to take a less hawkish stance on future monetary policy tightening.
The U.S. Labor Department's consumer prices index report is expected to show prices increased by 6.5% year-on-year in December, moderating from a 7.1% rise in November. "Sentiment still feels as fragile as a teacup and U.S. inflation numbers on Thursday could provide a key test for investor confidence."
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