Futures are trending lower as investors prepare for significant earnings reports from major banks this week. These reports are expected to provide insights into the financial sector’s health amid rising U.S. 10-year treasury yields.

Currently, the U.S. 10-year treasury yields are around 4.782%. In the commodities market, WTI crude oil futures are increasing, now near $77.85 per barrel. European indices opened lower, reflecting investor caution following last week’s rises in Eurozone and U.K. government bond yields.

In the Asia-Pacific region, most indices closed down, influenced by disappointing U.S. labor data that reduced expectations for interest rate cuts. Key movements include:

• The Hang Seng Index declined by 1%.
• China’s Shanghai Composite index fell by 0.25%.
• The Shenzhen Component index, however, ended slightly higher.

Notably, markets in Japan were closed for a holiday today.

📎 Related coverage from: tipranks.com