Stock Futures Point to Gains as CPI Report Shows Modest Inflation Uptick
Futures for S&P 500, Dow Industrials, and Nasdaq-100 Rise
Stock futures are indicating a positive start to the trading day following the release of Wednesday’s CPI report. The report showed only a modest increase in the inflation rate, which has boosted expectations that the Federal Reserve will keep interest rates steady next week.
Broad-Market Index and Nasdaq See Modest Gains
Futures for the S&P 500, Dow industrials, and the Nasdaq-100 have all edged higher. The broad-market index and the tech-heavy Nasdaq saw modest gains on Wednesday.
Eurozone Bond Yields and Euro Currency Fall After ECB Rate Hike
Eurozone bond yields and the euro currency have both fallen after the European Central Bank (ECB) raised rates. This development has implications for the global financial markets.
Arm Begins Trading on Nasdaq, Testing IPO Market and AI Hype
Today, Arm is set to start trading on the Nasdaq. This is seen as a key test for both the IPO market and the hype surrounding artificial intelligence (AI).
U.S. Government Bond Yields Edge Higher
U.S. government bond yields have slightly increased. The yield on the benchmark 10-year Treasury note has reached 4.28%, indicating potential shifts in the bond market.
Brent Crude Oil Futures Rise to 10-Month High
Brent crude oil futures have reached a 10-month high. Reports from both the International Energy Agency and OPEC this week have highlighted a growing supply-demand gap in the oil market.