Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

US pre-open: Futures slightly higher ahead of CPI reading

(Sharecast News) - Wall Street futures were slightly higher ahead of the bell on Wednesday as market participants patiently awaited the release of last month's consumer price index. As of 1120 GMT, Dow Jones futures were up 0.17%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.14% and 0.20% firmer, respectively.

The Dow closed 221.16 points higher on Tuesday in what was a mixed session for major indices following the publication of December's cooler-than-expected producer price index.

After last month's PPI print rose by just 0.2% month-on-month, all eyes will now be on December's CPI reading at 1330 GMT, the Federal Reserve's inflation gauge, with economists expecting to see the headline figure increase 0.3% and 2.9% on a monthly and annualised basis, respectively.

Elsewhere on the macro front, weekly mortgage applications data will be out at 1200 GMT, while January's NY Empire State manufacturing index will follow at 1330 GMT and November business inventories numbers were slated for release at 1500 GMT.

In the corporate space, BlackRock, JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup were all scheduled to post results before the opening bell.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Europe midday: Shares pare losses as investors digest China tariff move
(Sharecast News) - European stocks pared losses as investors digested China's retaliatory moves against US tariffs and the 30-day pause on levies against Canada and Mexico.
US pre-open: Futures slightly lower as tariff headlines remain in focus
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Tuesday as the effects of the new White House administration's tariffs on a number of its closest trading partners continued to be seen.
Asia report: Markets bounce back from Trump tariff sell-off
(Sharecast News) - Asia-Pacific markets advanced on Tuesday as investor sentiment improved following Donald Trump's decision to pause tariffs on Mexico and Canada for a month.
London open: FTSE falls again as China retaliates against US
(Sharecast News) - London stocks were lower again in early trade on Tuesday following heavy losses a day earlier, after China announced retaliatory tariffs on a range of US imports.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.