US equity futures and Asian equities fell early Monday after US inflation print piled the pressure on the Federal Reserve to intensify monetary tightening.
Nasdaq 100 contracts lost over 1%, while those for the S&P 500 fell. Asian futures hinted at a decline. The Singapore-traded SGX Nifty — an early barometer of India’s benchmark Nifty 50 — fell more than 0.8% to 16,048 points as of 6:10 am.
The dollar was firm on haven demand while oil retreated below $120 a barrel. Elsewhere, Bitcoin slipped below $27,000.
