US stock futures were trading higher ahead of the highly anticipated report on inflation.
Major futures indices are pointing to a 0.3% gain when trading starts on Wall Street.
Consumer Price Index It is expected to rise 1.1% month over month in June. That’s up from a 1.0% increase in May, but less than a 1.2% rise in March.
On a yearly basis, look for prices to rise 8.8% in June, a new four-decade high and above May’s 8.6% annual gain which was the highest since December 1981. food and volatile energy costs, Core consumer prices are expected to rise 0.6% for the third consecutive month.
Oil prices rebounded from a drop on Tuesday but remained below $100 a barrel.
US West Texas Intermediate crude was trading at $96 a barrel. Brent crude futures reached $99 a barrel.
Prices fell more than 7% on Tuesday in choppy trading.
Bitcoin traded for less than $20,000.
In Asia, Tokyo’s Nikkei 225 rose 0.5%, Hong Kong’s Hang Seng fell 0.1%, and China’s Shanghai Composite rose 0.1%.
|ribbon||protection||else||they change||they change %|
|Me: DJI||Dow Jones averages||30981.33||-192.51||-0.62%|
|SP500||Standard & Poor’s 500||3818.8||-35.63||-0.92%|
|I: COMP||Nasdaq Composite Index||11264.727938||-107.87||-0.95%|
On Tuesday’s session on Wall Street, the S&P 500 lost 0.9% to 3818.80, down for a third day. Technology, healthcare and energy stocks accounted for a large share of the losses.
The Dow Jones Industrial Average fell 0.6% to 30981.33 and the Nasdaq Composite fell 0.9% to 11264.73.
Major companies are scheduled to announce second-quarter results in the next few weeks.
return on 10 years treasury, Or the difference between the market price and payment at maturity was fixed at 2.95%.
The Associated Press contributed to this report.
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