Stock futures gain as the market looks to build on Wednesday's rally; Disney shares soar

TS Lombard's Steven Blitz said the U.S. must have low growth and high unemployment for an extended period of time in order to bring inflation back down, but the Fed may not be willing to do that."If you want to believe that they'll keep growth low and unemployment high for a year in order to get back to 2% — God bless them if they do — but I wouldn't bet on it," said Blitz, who is chief U.S. economist at the macroeconomic research firm.

There is a "fundamental imbalance" in the labor market that needs to be cooled down, he said, predicting that unemployment will need to get to around 5.5% to bring inflation down.were mixed on Thursday as investors assessed their monetary policy expectations after a cooler-than-expected U.S. inflation print, and digested a raft of corporate earnings.hovered 0.1% higher in early trade, with oil and gas stocks climbing 1.4% while basic resources fell 0.7%.

shares climbed more than 8% in early trade to lead the Stoxx 600 after the Dutch insurer raised its full-year guidance.Semiconductor stocks have endured a difficult year so far, but top tech investor Paul Meeks is still a fan of the sector, he toldHe described semiconductors as the "21st century gold" and names one chip stock that he thinks investors "must own."

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