FX.co ★ US Futures Rise Ahead of Bank Earnings

US stock futures inched higher on Monday as investors looked ahead to a busy week of major bank earnings, kicking off the third-quarter reporting season. JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo are set to release results on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday.

Market participants are also bracing for key inflation figures, with the September consumer price index due on Wednesday and the producer price index scheduled for Thursday.

All three major US stock indexes ended higher last week, as a rally in technology shares helped counterbalance worries about rising oil prices and climbing bond yields.

At the same time, concerns over the energy market re-emerged after President Donald Trump said over the weekend that he was considering joining Saudi Arabia in its campaign against Iran-backed Houthi militants in Yemen, following another deadly attack on Riyadh’s international airport.