Stock futures inch higher as traders brace for wholesale inflation report: Live updates
August wholesale inflation advanced largely in line with expectations according to Bureau of Labor Statistics data. Stock futures showed mixed to slightly positive movement as traders awaited the Producer Price Index report. Meanwhile, Brent crude oil prices climbed above $100 a barrel, reaching over $101. Treasury yields also rose and remained near high levels. These energy costs are fueling inflation fears, which Bloomberg reports are expected to drag down Asian stocks.
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- ✓ Brent crude oil prices rose above $100 a barrel.
- ✓ Treasury yields increased.
- ✓ August wholesale inflation advanced largely in line with expectations per BLS data.
What changed
The Bureau of Labor Statistics released August PPI data showing wholesale prices advanced in line with expectations.
Live updates
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Wholesale inflation meets expectations as oil prices top $100
August wholesale inflation advanced largely in line with expectations according to Bureau of Labor Statistics data. Stock futures showed mixed to slightly positive movement as traders awaited the Producer Price Index report. Meanwhile, Brent crude oil prices climbed above $100 a barrel, reaching over $101. Treasury yields also rose and remained near high levels. These energy costs are fueling inflation fears, which Bloomberg reports are expected to drag down Asian stocks.
Why it matters
Wholesale price data serves as a leading indicator for consumer inflation. Rising energy costs often put upward pressure on these figures. High Treasury yields typically signal market expectations for higher interest rates to combat inflation.
What is confirmed
- Brent crude oil prices rose above $100 a barrel.
- Treasury yields increased.
- August wholesale inflation advanced largely in line with expectations per BLS data.
Still unconfirmed
- Oil-driven inflation fears will cause Asian stocks to fall.
What to watch next
- Consumer price index reports
- Federal Reserve interest rate decisions
confidence 95%Sources used for this update (6)
- The Economist — World in Brief: Treasury yields jump; Brent crude tops $100 a barrel
- Bloomberg.com — Asian Stocks to Fall as Oil Stokes Inflation Fears: Markets Wrap
- CNBC — Stock futures inch higher as traders brace for wholesale inflation report: Live updates
- wsj.com — Stock Futures Rise, Treasury Yields Hold Near Highs as Oil Tops $101
- Investopedia — Stock Market Today: Futures Mixed, Little Changed Ahead of PPI Inflation Reading; Oil, Treasury Yields Continue to Climb
- finance.yahoo.com — PPI data shows wholesale prices advancing in line with expectations
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