Inflation data this week, Alibaba leadership shake-up - what's moving markets

Investing.com --Key U.S. inflation data later this week looms large, with investors hoping that the figures will help clear up uncertainty around the Federal Reserve's interest rate path for the rest of 2023. Elsewhere, Alibaba announces an unexpected leadership shake-up ahead of a planned restructuring of the sprawling Chinese business, while Arm reportedly eyes pricing its highly-anticipated initial public offering at the top end of its indicated range -- or above.

1. Futures point higher

U.S. stock futures edged into the green on Monday, extending gains made in the final session of the prior week, as investors looked ahead to the release of a batch of fresh economic data in the coming days.

At 05:54 ET (09:54 GMT), the Dow futures contract added 79 points or 0.2%, S&P 500 futures rose by 17 points or 0.4%, and Nasdaq 100 futures jumped by 84 points or 0.5%.

On Friday, the 30-stock Dow Jones Industrial Average climbed by 0.2%, while the benchmark S&P 500 and tech-heavy Nasdaq Composite both inched up by about 0.1%. However, over the whole trading week, all three of the major indices finished lower.