Stocks, U.S. futures rise as inflation worries ease - BNN Bloomberg

Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May on Wednesday. Asian semiconductor shares rallied after Samsung Electronics Co. reported a better-than-forecast revenue jump. The US two- and 10-year yield curve steepened by 1 basis point though it remained inverted for a third day.

“Global equities bounce as pressure points such as rates, oil and the dollar begin to ease,” Stephen Innes, managing partner at SPI Asset Management, wrote in a note. “Momentum has swung higher, with tech-heavy benchmarks outperforming after Samsung’s revenue was better than feared.” Carmakers in Europe posted some of the biggest gains in the benchmark Stoxx 600 index, which gained for a second day. Overnight gains in US stocks helped both Asia and Europe.

The Bloomberg Dollar Spot Index retreated for the first time in five days. The euro rebounded from levels that took the shared currency to the brink of parity with the greenback.

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