The long weekend hasn’t done much for investor sentiment.
In Europe, pushback on imminent rate cuts from European Central Bank officials and news that the German economy shrank last year weighed on markets.
Index futures slipped. Contracts tied to the S&P 500, Dow industrials and in particular, to the tech-heavy Nasdaq-100, fell.
The dollar rose and Treasury yields edged up. The WSJ Dollar Index gained more than 0.5%.
Crude oil futures gained, with Brent crude futures nearing $79 a barrel.
The price of bitcoin rose slightly to top $43,000.
Overseas stocks fell. The Stoxx Europe 600 declined. Hong Kong’s Hang Seng Index fell 2.2%. Japan’s Nikkei 225 dropped 0.8% following a bull run.
The World Economic Forum in Davos is under way.
Federal Reserve governor Christopher Waller is due to speak at 11 a.m. ET, kicking off a busy week for public appearances by Fed officials.
