U.S. equity futures were higher heading into the final trading session of the week. The major futures indexes suggest a gain of 0.6% when the opening bell rings on Wall Street.with gains. West Texas Intermediate crude futures traded around $93.00 a barrel and was on track for a weekly gain of more than 5%, recouping about half of last week's loss.
Prices of imported goods for July likely fell 1% month-over-month, compared with a 0.2% increase in June and further evidence that inflation may have peaked. For comparison, March’s 2.9% surge marked the biggest increase in 11 years. In Asia, Tokyo’s Nikkei 225 surged 2.6%, catching up on gains after being closed Thursday for a holiday. The Hang Seng in Hong Kong picked up 0.5% and China's the Shanghai Composite index slipped 0.2%.
Oil prices dipped in early trade on Friday amid uncertainty on the demand outlook based on contrasting views from OPEC and the International Energy Agency , but benchmark contracts were headed for weekly gains as
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