U.S. stocks mixed before earnings, Central bank moves - BNN Bloomberg

Europe's Stoxx 600 index fluctuated, while U.S. futures declined after posting their best two-week rally since November 2020. Chipmakers and Chinese stocks listed in the U.S. fell in premarket trading.

The yield on the 10-year Treasuries rose to 4.06 per cent after surging by nine basis points on Friday. Yields on U.K. gilts also advanced ahead of what could be the Bank of England's biggest interest-rate hike in more than 30 years. Euro-area inflation surged to a fresh all-time high, while the bloc's economy lost momentum -- reinforcing fears that a recession is now all-but unavoidable. That's after a core gauge of U.S. inflation accelerated in September, bolstering the case for more tightening.

Economists surveyed by Bloomberg expect Fed officials will maintain its hawkish stance, laying the groundwork for interest rates reaching around 5 per cent by March 2023, potentially leading to a U.S. and global recession.

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