US equity futures remained steady before Monday's opening bell, as investors focused on the upcoming November consumer price index set for release later this week. Dow Jones Industrial Average futures saw a slight increase of 0.1%, while S&P 500 futures slipped by 0.1%, and Nasdaq futures declined by 0.2%.
The Consumer Price Index (CPI) is slated for release on Wednesday. Analysts project a 0.2% month-over-month increase in headline CPI and a year-over-year increase of 2.7% for November, based on estimates compiled by Bloomberg. In the oil market, prices were on the rise, with North Sea Brent crude, a global benchmark, increasing by 1.2% to $71.94 per barrel, while US West Texas Intermediate crude saw a 1.4% rise to $68.11 per barrel.
Additional data on wholesale inventories, scheduled for release at 10 am ET, is expected to show a minor climb of 0.2% in October, following a 0.2% drop from the previous month. Looking at international markets, Japan's Nikkei index closed 0.2% higher, Hong Kong's Hang Seng finished with a significant rise of 2.8%, whereas China's Shanghai Composite closed slightly down by 0.05%.
In Europe, the UK's FTSE 100 advanced by 0.6%, and Germany's DAX index experienced a modest decline of 0.04% during early afternoon trading. In the equities market, Satellogic shares ($SATL) surged by 28% in pre-market trading after the company announced a $10 million equity investment from an institutional investor.
Conversely, BioAge Labs ($BIOA) saw its shares plummet by 72% after announcing it would terminate a phase 2 trial of its obesity drug candidate due to concerns over liver transaminitis observed late Friday..