Treasury Yields, Inflation Data Revive Fed Worries; US Banks and China Tech in Focus

U.S. Treasury yields jumped after data showed an unexpected increase in September consumer prices, reviving worries about further Fed tightening.

French annual inflation was slightly higher in September at 5.7%, with energy prices outpacing easing food and services inflation.

Chinese data showed deflationary pressures persist despite a narrowing trade slump, posing policy challenges.

U.S. bank earnings from JPMorgan, Wells Fargo and Citi are due today, with analysts expecting higher profits except for investment banks.

The Biden administration may close a loophole allowing Chinese firms overseas access to U.S. AI chips, tightening rules on exports.