Wall Street is set for a slight rebound on Tuesday, after four consecutive sessions of gains for the Nasdaq, with gains expected to be relatively modest on the eve of the release of the latest inflation figures, which may well determine the Fed's monetary policy.

Half an hour before the opening, futures on the main New York indices were up by between 0.4% and 0.8%, heralding a green start to the session.

After gaining 31% in 2024, the Nasdaq has started the New Year on a more cautious note, with the heavily technology-weighted index currently down more than 1% since the start of the year.

While the bullish trend in US equity markets remains intact in the eyes of professionals, the lack of visibility on the future trajectory of rates and the prospect of new tariffs has led investors to pause.

The absence of incentives and catalysts to continue last year's upward movement was also felt by the markets.

The rest of the week will be much busier, however, with tomorrow's start of Q4 earnings season, marked by releases from Citi, JPMorgan, Goldman Sachs and Wells Fargo.

On the economic front, the Labor Department reported this morning that producer price inflation accelerated to 3.3% in December, compared with November (+3%).

Last month, however, inflation slowed (-0.2 points to 3.3%), excluding food, energy and commercial services.

However, market participants are waiting for tomorrow's inflation report before taking a position.

The publication of consumer price index (CPI) figures could provide clues as to the trajectory of the Fed's next interest rate cuts.

On the bond market, the yield on the US 10-year bond is easing a little, towards 4.78%, after having reached new highs since the end of 2023, above 4.80%, last night.

On the currency front, the dollar continues to perform well, even though the euro is managing to defend the 1.0250 threshold for the time being.

Oil prices are consolidating a little after their recent bull run, which saw a barrel of US light crude (WTI) approach the $80 mark yesterday for the first time since last August.

This morning, WTI is down slightly by 0.9% at $78.3.

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