The market exhibits a cautious sentiment driven by upcoming key inflation data, specifically the December Consumer Price Index (CPI) report, which is expected to show inflation around 2.7% year-over-year. This, coupled with the start of the quarterly earnings season from major banks like JP Morgan, Goldman Sachs, Citi, Bank of America, and Wells Fargo, is influencing market sentiment. Concerns have been raised regarding the Federal Reserve's independence due to a criminal investigation, potentially pushing United States Treasury bond yields higher. Meanwhile, oil prices have climbed for a fourth consecutive day amid fears of supply disruptions from Iran, a key OPEC member. The overall market trend across major indices like the S&P 500, Nasdaq, FTSE, CAC, and Nikkei appears bearish, with anticipated drops in price.