U.S. inflation data is set to be released soon, with U.S. stock futures showing divergent trends.
7 minutes ago
U.S. stock index futures, after notching their best trading day since April, are directionless as markets await a key inflation report that could pave the way for the Federal Reserve to raise interest rates next month. Data from BIT Stock Platform shows S&P 500 futures rose slightly by less than 0.1%, while the tech-heavy Nasdaq 100 futures fell 0.4%. Crude oil prices continued their retreat, with WTI crude down 2% to around $85 per barrel, its lowest level since the end of August. Tom Essaye, founder of The Sevens Report, said: "Powell’s Fed comments offset the ongoing decline in oil prices ahead of today’s CPI report."
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