Forex
US Stock Futures Climb Amid Fresh Inflation Data and Rate Jitters
US stock futures rose on Monday morning, with E-mini S&P 500 contracts gaining around 0.8% and Nasdaq-100 futures increasing about 0.9%, as investors digested fresh US inflation data.
The US Consumer Price Index (CPI) increased by 0.4% month-on-month in August, while core CPI rose 0.3%, keeping annual inflation at 3.4% and core at 2.4%. This keeps the cost of living above the Federal Reserve's 2% goal.
The Fed may prioritize fighting inflation or supporting a weakening mood on Main Street, with implications for rate-sensitive areas like banks, real estate stocks, and high growth technology shares.