The markets are beginning the week with caution, as Bitcoin is trading slightly over $83,000 and gold is priced at approximately $4,180 per ounce, both reflecting a decline of around 0.5%. Technology futures are experiencing minor losses, while WTI crude oil is rising, surpassing $92 a barrel. Additionally, bond yields are increasing as bond prices dip, following a brief resurgence in the latter part of last week when TLT, the long-term U.S. Treasury ETF, climbed by over 2%. The dollar maintains its strength, with the DXY index standing above 102.4.
One of the week’s significant macroeconomic highlights will be Wednesday’s U.S. inflation statistics. Core inflation is anticipated to be 2.5% on an annual basis, while overall inflation is predicted to rise to 3.7%, indicating an acceleration from the prior month.
IREN , which has transitioned from bitcoin mining to focus on AI infrastructure, recently signed a multiple-year cloud services agreement with the artificial intelligence company Anthropic, as reported by The Information. IREN shares have seen a pre-market increase of 4%.