US equity futures remained stable ahead of Monday's opening bell, as market participants directed their focus towards the crucial November consumer price index (CPI) release expected later this week. The Dow Jones Industrial Average futures displayed a modest uptick of 0.1%, while the S&P 500 futures saw a slight decline of 0.1%.
Nasdaq futures experienced a more pronounced retreat, dropping by 0.2%. The Consumer Price Index is set to be unveiled on Wednesday, with market analysts predicting a headline CPI increase of 0.2% for the month and an annual rise of 2.7% for November based on estimates sourced from Bloomberg. In the commodities sector, oil prices experienced an upward trend, with the North Sea Brent crude, a global benchmark, climbing by 1.2% to reach $71.94 per barrel.
Meanwhile, the US West Texas Intermediate crude recorded an increase of 1.4%, landing at $68.11 per barrel. Additionally, wholesale inventories are slated for release at 10 AM ET, anticipating a modest increase of 0.2% in October, following a previous drop of 0.2% in September..