Stock Futures Fall, Bonds Rise in Countdown to CPI – Europe Market Wrap

Ahead of an important inflation data, US stock futures fell and bonds increased on worries that the Federal Reserve has been holding off on easing monetary policy for too long.

Concerns about the main nations’ faltering growth have reappeared as oil prices have fallen below $70 and global bond yields have reached a two-year low this week. Investor focus is centred on the Fed policy meeting next week and the US consumer price index, which is expected to indicate another month of modest gains and is out later this Wednesday.

The highly anticipated inflation report that will be released tomorrow will most likely reveal that US consumer prices increased in August at the slowest rate in almost three years.

Futures on the S&P 500 fell 0.3%. The yield on the most monetary policy-sensitive two-year Treasury note dropped by two basis points to 3.58%. Shares of companies that generate renewable energy increased as a result of the discussion and Harris’ support for green energy.