Key insights
- US stock futures rose following the release of March inflation data. The CPI rose 3.3% annually, matching expectations, while core CPI rose 2.6%, slightly below the anticipated 2.7%. This suggests that inflationary pressures may be easing, reducing concerns about the impact of the Middle East conflict on the US economy and supporting a slightly bullish outlook for equities.
April 10 (Reuters) - U.S. stock index futures gained slightly on Friday after March inflation data calmed some concerns over the inflationary fallout of the Middle East conflict on the U.S. economy.
A Labor Department report showed the Consumer Price Index rose 3.3% on an annual basis, in line with an estimated 3.3% rise according to economists polled by Reuters. On a monthly basis, it rose 0.9% versus an expected rise of 0.9%.
The core figure, which excludes volatile food and energy components, rose 2.6% annually, below an expected 2.7% rise. On a monthly basis, it rose 0.2% compared with an estimated 0.3% rise.
At 08:31 a.m. ET, Dow E-minis were up 33 points, or 0.07%, S&P 500 E-minis were up 11.5 points, or 0.17%, and Nasdaq 100 E-minis were up 62 points, or 0.25%.
(Reporting by Avinash P in Bengaluru; Editing by Pooja Desai)