India, Aug. 10 -- The major U.S. Index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong performance seen last week.
Amid a quiet day on the U.S. economic front, traders may take a step back to assess the recent strength in the markets, which saw the S&P 500 reach a new record closing high last Friday.
Traders may also be reluctant to make significant moves ahead of the release of key U.S. inflation data in the coming days.
On the heels of last Friday's report showing an unexpected decrease in U.S. employment, the data could impact the outlook for interest rates.
"Consensus forecasts point to a modest easing in both headline and core CPI, which, if realiz...