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Futures tick higher as inflation fears fade

Futures tick higher as inflation fears fade

6/11/2021 3:25:00 PM

Futures tick higher as inflation fears fade

U.S. stock index futures rose on Friday after inflation data calmed concerns over a possible long-term spike in rising prices, with investors now turning focus to next week's Federal Reserve meeting for more cues on monetary policy.

Much of the price surge in May came from items such as commodities and airfares, and it is expected to be temporary.With recent data also indicating weakness in the labor market, the Fed is widely expected to maintain accommodative policy, which is positive for stocks and other risk-driven assets.

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S&P 500 E-minis were up 7.25 points, or 0.17 at 06:36 a.m. ET. Dow E-minis were up 77 points, or 0.22%, while Nasdaq 100 E-minis were up 30.25 points, or 0.22%.The S&P 500 and the Nasdaqwere set for mild weekly gains, as a lack of major catalysts and a summer lull in trading saw them move in a tight range.

But weakness in major industrial stocks saw the Dow Jones(.DJI)set for a weekly loss, amid doubts over whether President Joe Biden's $2.3 trillion infrastructure spending plan would come to pass.Stocks favored by small-time investors were set to close higher for the week, even as a rally appeared to be running out of steam on Thursday. Most of the so-called "meme" stocks rose in premarket trade.

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Stock futures pause as investors await inflation dataStock-index futures trade mixed Thursday as investors await May data on consumer price inflation.

Position for longer-term inflation, investor says as stocks brush off higher consumer pricesRecent inflationary upticks are 'transitory,' but investors should be prepared for it in the long term, says Joule Financial's Quint Tatro.

European stocks set to inch higher as global markets assess inflation spikesEuropean markets are set to open fractionally higher on Friday as global markets shrug off a sharp rise in U.S. inflation, with many strategists believing it to be transitory. 🚀🚀🚀 Darn it, if the formal 'PIIGS' countries aren't afraid of the dirty world, why would the mighty USA run away from inflation? Bring it on 😂

Asian stocks mostly higher following U.S. inflation jumpShanghai fell, Tokyo was flat, while shares rose in Hong Kong, Seoul and Sydney. wow