Biased Lower To Start The Week

E-minis are little changed to 0.2% lower into London hours after Asia-Pac participants reacted to Friday’s weakness on Wall St., while weighing up further steps from China re: living with COVID against reports which pointed to a fairly notable uptick in COVID cases in the county, even as the official daily case count moderates alongside looser testing requirements. Firmer than expected U.S. PPI data, released Friday, also had participants on the defensive ahead of Tuesday’s U.S. CPI print and this week’s barrage of central bank meetings. The Hang Seng was the biggest loser amongst the major regional benchmarks, running ~2% lower as we move towards the close.