(Bloomberg) — European stocks and US equity futures kept to small ranges for a second day, with traders waiting for US inflation reports to give markets fresh direction. US Treasuries and the dollar remained steady.

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The Stoxx Europe 600 index was little changed, hovering near a record high. Shares in Anglo American Plc fell after the London-based miner outlined a major shake-up to fend of a takeover approach from BHP Group, with analysts citing execution risks. Delivery Hero SE soared as much as 22% after selling its Taiwan business. A revenue beat by Tencent Holdings Ltd. pushed the stock of its largest shareholder, Prosus NV, higher.

Futures on the S&P 500 and Nasdaq 100 were little changed.

A Bloomberg dollar index was flat and 10-year Treasury yields little changed ahead of US producer prices released Tuesday, a key inflation gauge indicator. Federal Reserve Chair Jerome Powell is also scheduled to speak. Consumer price index due Wednesday is projected to show moderation while still remaining too high to warrant rate cuts.

“Markets this morning are in extremely quiet mood ahead of tomorrow’s US consumer price index data that’s going to come out and shake things up or not,” said Kit Juckes, chief FX strategist at Societe Generale SA. “Sentiment about what the Fed’s going to do, sentiment about a lot of markets, will be determined by core CPI.”

In the UK, the pound dropped after Bank of England Chief Economist Huw Pill said that an interest-rate cut in the summer is in play. Earlier, UK labor market data showed that unemployment rose while private-sector wage growth eased, signaling a broad-based cooling in the jobs markets.

In Asia, Japan’s 20-year government bond yield rose to its highest level since 2013 on speculation the Bank of Japan will reduce debt-buying amounts at its regular operations to ease pressure on the ailing yen. The Japanese currency extended losses against the greenback to a two-week low.

Oil held a gain before the release of OPEC’s market outlook. Industrial metals including nickel and copper climbed, while gold was steady after Monday’s decline of more than 1%.

Key events this week:

• Bank of England Economist Huw Pill speaks, Tuesday

• US PPI, Tuesday

• Fed Chair Jerome Powell and ECB Governing Council member Klaas Knot speak, Tuesday

• China rate decision, Wednesday

• Eurozone industrial production, GDP, Wednesday

• US CPI, retail sales, business inventories, empire manufacturing, Wednesday

• Minneapolis Fed President Neel Kashkari speaks, Wednesday

• Japan GDP, industrial production, Thursday

• US housing starts, initial jobless claims, industrial production, Thursday

• Philadelphia Fed President Patrick Harker speaks, Thursday

• Cleveland Fed President Loretta Mester speaks, Thursday

• Atlanta Fed President Raphael Bostic speaks, Thursday

• China property prices, retail sales, industrial production, Friday

• Eurozone CPI, Friday

• US Conf. Board leading index, Friday

Story continues

Some of the main moves in markets:

Stocks

• The Stoxx Europe 600 was little changed as of 10:01 a.m. London time

• S&P 500 futures were little changed

• Nasdaq 100 futures were little changed

• Futures on the Dow Jones Industrial Average were little changed

• The MSCI Asia Pacific Index rose 0.1%

• The MSCI Emerging Markets Index rose 0.3%

Currencies

• The Bloomberg Dollar Spot Index was little changed

• The euro was little changed at $1.0785

• The Japanese yen fell 0.2% to 156.47 per dollar

• The offshore yuan was little changed at 7.2454 per dollar

• The British pound fell 0.2% to $1.2528

Cryptocurrencies

• Bitcoin fell 2% to $61,827.21

• Ether fell 1.4% to $2,911.93

Bonds

• The yield on 10-year Treasuries declined one basis point to 4.47%

• Germany’s 10-year yield declined two basis points to 2.49%

• Britain’s 10-year yield declined two basis points to 4.16%

Commodities

• Brent crude fell 0.2% to $83.17 a barrel

• Spot gold rose 0.3% to $2,344.10 an ounce

This story was produced with the assistance of Bloomberg Automation.

–With assistance from Michael Msika.

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