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Investors are waiting for the Fed's preferred inflation measure to roll out, which will be a key data point in determining the path of Fed rate cuts.

Wall Streets main stock indices dipped Wednesday as investors locked in profits ahead of a key US inflation measurement while cryptocurrency bitcoin topped $60,000.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Investors will be hearing from five Fed presidents later in the week, listening for any clues about when the Fed might cut interest rates.

Oil rose as physical markets in the US strengthened and demand from China showed signs of picking up.

Before Market Opens: Indian markets are likely to open lower on Tuesday following caution global peers with Asian shares on the back of slightly warmer-than-expected Japanese inflation, while the US stock market ended lower on Monday. Lets take a look at some key cues before the market opens today:

(Bloomberg) — Asian shares were mixed in early trade as markets await events due later this week for a better gauge of the global interest-rate outlook. The yen edged higher after stronger-than-expected Japanese inflation data. Japanese shares rose, while equities in South Korea, Australia and China were mostly lower. US stock futures were little changed…

Stock markets were mixed on Monday after last weeks rally as investors turned their attention to a clutch of economic data in the coming days.

Asian markets began Tuesday mostly lower after record-setting gains last week, with traders eyeing the release of fresh economic data this week that could offer a better sense of when central banks may cut rates.

Stock markets were mixed on Monday after last weeks rally as investors turned their attention to a clutch of economic data in the coming days.