United States stock futures hovered around the flatline on Monday night (Tuesday AEST) after Wall Street's major indexes started the week lower, as persistent tensions between the U.S. and Iran fuelled inflation concerns and pushed Treasury yields higher.
By 10:05 am AEST (12:05 am GMT), Dow futures, S&P 500 futures and Nasdaq-100 futures were each trading within a range of ±0.1%.
The subdued moves followed a weaker session for U.S. equities, with oil prices rising more than 2% amid uncertainty surrounding the expiration of a U.S.-Iran ceasefire agreement on Monday.
Negotiations between Washington and Tehran have stalled, while President Donald Trump threatened to attack Oman "if it gets in the way".
Higher oil prices intensified concerns about renewed inflationary pressure, sending longer-dated Treasury yields higher, with the 30-year Treasury yield reaching its highest level since June 2007.
The Dow Jones Industrial Average and S&P 500 each fell 0.5% in Monday's session, while the Nasdaq Composite declined 0.3%.
Investors will focus on several economic indicators during Tuesday's session, including July import and export price data, housing starts and pending home sales.
Home Depot is also scheduled to release its second-quarter earnings before the opening bell, with investors looking for further insight into the strength of U.S. consumer spending.
