Stocks stumble in jittery mood ahead of US inflation

S&P 500 futures were steady and European futures rose 0.1%. A firm U.S. dollar pushed the euro back below $1.10 to $1.0968.

April U.S. consumer price data is due at 1230 GMT and economists expect the headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%, though anything stickier could confound bets interest rates will fall. "That's the thing that'd get taken out if CPI numbers come in on the higher side," said ING economist Rob Carnell.

"It doesn't look particularly sensible if inflation is falling at too slow a rate and that could feed through into higher longer-term treasury yields as well." Interest rate futures imply about a 60% chance the Federal Reserve cuts rates in September, according to theTreasuries were broadly steady, with brinkmanship over the approaching U.S. debt ceiling fuelling demand for safe assets, including bonds, on one hand, while also driving investors out of T-bills maturing in early June.to break a deadlock over raising the $31.4 trillion U.S.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

London stocks fall on caution ahead of U.S. inflation dataLondon stocks fell on Tuesday as traders returning from a long weekend were cautious ahead of a key U.S. inflation data that could offer hints on the Federal Reserve's monetary policy path.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. stocks open lower as investors look ahead to April inflation reportU.S. stocks opened lower Tuesday, as investors await remarks from Federal Reserve Bank of New York President John Williams and look ahead to Wednesday’s inflation report. The Dow Jones Industrial Average was down 0.2% soon after the opening bell:
Source: MarketWatch - 🏆 3. / 97 Read more »

10 Best Stocks to Buy as Stagflation Fears Grow Ahead of CPI Report | Investing.comStocks Analysis by Investing.com (Jesse Cohen/Investing.com) covering: Chevron Corp, Cisco Systems Inc, Gilead Sciences Inc, Amgen Inc. Read Investing.com (Jesse Cohen/Investing.com)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks stumble as investors' nerves show ahead of US inflation dataStocks were struggling to advance in Asia and the dollar was firm on Wednesday ahead of U.S. consumer price data that could damage hopes for interest rate cuts later this year if inflation fails to show much of a decline.
Source: Reuters - 🏆 2. / 97 Read more »