US stock index futures fell on Wednesday as investors anticipated a crucial inflation data to determine if the Federal Reserve was effective in bringing down increasing costs.<\/p>\n\n\n\n
The Consumer Price Index (CPI) is predicted to have increased 0.4% last month after increasing 0.1% in March, while the so-called core CPI (excluding volatile food and energy components) is expected to stay unchanged in April from the previous month. The Labour Department report will be announced at 12:30 GMT.<\/p>\n\n\n\n
After a good US payrolls data on Friday, the likelihood of a rate decrease anytime soon plummeted, with traders now anticipating the central bank to keep rates at 5-5.25% until at least July.<\/p>\n\n\n\n
In premarket trading, large-cap technology companies such as Apple Inc and Microsoft Corp each fell roughly 0.4%.<\/p>\n\n\n\n
Short-term US Treasury bill yields climbed as talks in Washington over increasing the US debt ceiling continued.<\/p>\n\n\n\n
Dow e-minis were down 34 points, or 0.1%, S&P 500 e-minis were down 4.5 points, or 0.11%, and Nasdaq 100 e-minis were down 21.5 points, or 0.16%, at 5:34 ET.<\/p>\n\n\n\n
Oil and gas producer Occidental Petroleum Corp fell 1.5% after its first-quarter earnings fell short of analysts’ estimates.<\/p>\n\n\n\n
Livent Corp rose 4.3% after Australian lithium miner Allkem Ltd agreed to buy the U.S.-based chemical manufacturing firm to create a $10.6 billion firm.<\/p>\n","protected":false},"excerpt":{"rendered":"
US stock index futures fell on Wednesday as investors anticipated a crucial inflation data to determine if the Federal Reserve was effective in bringing down increasing costs. The Consumer Price Index (CPI) is predicted to have increased 0.4% last month after increasing 0.1% in March, while the so-called core CPI (excluding volatile food and energy …<\/p>\n","protected":false},"author":9,"featured_media":33466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[6939,6851],"class_list":["post-83906","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-japan","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=83906"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83906\/revisions"}],"predecessor-version":[{"id":83907,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83906\/revisions\/83907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33466"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=83906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}