Nvidia NVDA.O added 0.6% after the Financial Times reported that chip designer Arm is in talks to bring the megacap firm in as an anchor investor ahead of its planned listing. "Today's CPI report is seen as pivotal because it could determine whether one more Fed hike for the road is going to prove enough," Elwin de Groot, head of macro strategy at Rabobank, wrote in a note. Focus will shift to second-quarter earnings season later this week, with Wall Street lenders expected to report higher profits for the quarter as rising interest payments offset a reduction in dealmaking.