Futures Turn Positive Following Closely Watched Inflation Data

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 31 May 2024 11:01:35 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to regain ground after moving notably lower over the two previous sessions. The futures turned positive following the release of a highly anticipated Commerce Department report showing consumer prices in the U.S. increased in line with economist estimates in the month of April, while core consumer prices edged up by slightly less than expected. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent for the third straight month in April, matching economist estimates. Meanwhile, the report said the core PCE price index, which excludes food and energy prices, crept up by 0.2 percent in April after rising by 0.3 percent in March. Economists had expected another 0.3 percent increase. The annual rates of growth by the PCE price index and the core PCE price index were both unchanged from the previous month at 2.7 percent and 2.8 percent, ... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( A highly anticipated report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of April, although core consumer prices edged up by slightly less than expected. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent for the third straight month in April, matching economist estimates. Meanwhile, the report s... [Read More]( --------------------------------------------------------------- Europe European stocks are turning in a mixed performance on Friday after data showed Eurozone inflation rose for the first time this year, reaching 2.6 percent year-on-year in May and adding to worries about how slowly the European Central Bank will cut interest rates. The German DAX Index is down by 0.1 percent and the French CAC 40 Index is marginally lower, while the U.K.'s FTSE 100 Index is up by 0.6 percent as data showed U.K. h... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended on a mixed note Friday even as a downward revision to U.S. first quarter GDP data revived hopes for Fed rate cuts this year. Regional gains were capped by hawkish comments by New York Fed President John Williams and the release of sluggish PMI data from China. The dollar steadied before Eurozone and U.S. inflation numbers heading into next week's ECB meeting. Gold was little changed in Asian trading, while oil extended overnight losses ahead of an OPEC+ meeting to decide on supply cuts. China's Shanghai Composite Index slipped 0.2 percent to 3,086.81 after official surveys showed a weakening in Chinese fact... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are edging up $0.07 to $77.98 a barrel after tumbling $1.32 to $77.91 a barrel on Thursday. Meanwhile... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49