Futures for the S&P 500 Rise Ahead of Inflation Data – Europe Market Wrap
US stock futures rose higher ahead of key inflation data, which is expected to show that pricing pressures eased last month.
S&P 500 futures increased 0.4%, while Nasdaq 100 futures rose 0.7%, indicating that the indices may rebound following two days of losses. Some investors cited improved attitude following Trump’s statement that he does not expect a US economic recession, as well as Ukraine’s decision to accept a US plan for a 30-day truce with Russia.
Trump’s latest tariffs on steel and aluminium imports went into effect Wednesday, extending his trade hostilities to more of the US’s biggest trading partners, as the EU responded. However, he abandoned plans to raise duties on Canadian steel and aluminium.
Following a four-day losing streak, Europe’s Stoxx 600 index rose 1%. All eyes are focused on the US consumer price index. While the Fed is unlikely to decrease interest rates at next week’s policy meeting, a benign report may reassure investors who have been anxious about the inflation outlook, particularly in light of anticipated trade wars.
