Stock futures trade cautiously ahead of inflation data – .

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Stock futures trade cautiously ahead of inflation data – .


US equity futures are trading cautiously lower ahead of the release of inflation data.

Major futures indices are trading mixed ahead of Wednesday’s Wall Street trading session.

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Investors will be on the lookout for the latest retail price inflation report.

The Bureau of Labor Statistics is expected to say that the consumer price index rose 0.5% month-over-month in July, following June’s stronger-than-expected growth of 0.9%, the highest since August 2008.

On a year-over-year basis, see a 5.3% price increase in July, just a notch below June’s annual growth rate of 5.4%, which was also the highest since August 2008. If you exclude the volatile costs of food and energy, the main consumer price index likely rose 0.4% last month and is expected to rise 4.3% year-on-year.

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In Asia, the Nikkei 225 in Tokyo rose 0.7%, the Hang Seng in Hong Kong by 0.2% and the Chinese Shanghai Composite Index by 0.1%.

In Europe, London’s FTSE gained 0.4%, German DAX rose 0.1% and France’s CAC gained 0.3%.

One stock that will be active on Wednesday will be WW International. Shares are down 26% in the pre-market following quarterly results that fell short of expectations.

The New York-based company said it had net earnings of 12 cents per share. Profit, adjusted for one-time costs, was 48 cents per share. The wait was 67 cents.

The operator of the weight loss program posted revenue of $ 311.4 million during the period, which also missed Street’s forecast.

On Wall Street, the S&P 500 and Dow Jones Industrial Average closed at record highs Tuesday after the Senate passed an infrastructure package and oil prices mostly recovered from Monday’s drop.

Teleprinter Security Last Change Change %
Me: DJI MEDIUM DOW JONES 35264.67 +162,82 +0,46 %
SP500 S&P 500 4436.75 +4.40 +0.10%
I:COMP NASDAQ COMPOSITE INDEX 14788.086837 -72.09 -0,49%

The S&P 500 recovered from an early slide and added 0.1% to 4,436.75. The Dow Jones Industrial Average rose 0.5% to 35,264.67. The tech-rich Nasdaq slipped 0.5% to 14,788.09.

The Senate’s passage of the $ 1 trillion infrastructure bill has boosted the shares of steel and aluminum manufacturers, building material suppliers, and construction companies and d ‘engineering.

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Banks made some of the biggest gains as bond yields edged up. Banks enjoy higher yields, which allows them to charge higher interest rates on loans. The 10-year Treasury yield was 1.37%.

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In energy markets, benchmark US crude slipped 17 cents to $ 68.12 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the standard for international oil prices, fell 10 cents to $ 70.53 a barrel in London.

The Associated Press contributed to this report.

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