Yesterday’s, markets ended mixed as some of the market leaders (BA and CAT) dragged on the DJIA.
Last week’s average hourly earnings cooled inflation worries down but market watches thought that any upward surprises in today’s CPI could reheat them.
The CPI and the core CPI were reported at 0.2 percent increases as was expected with the year-on-year rates at 2.2 percent overall, which was also expected, but at 1.8 percent for the core which is 1 tenth under Street estimates.
Overnight, the MSCI Asia Pacific Index added 0.2 percent, while Japan’s Topix index closed 0.6 percent higher as the yen weakened ahead of U.S. inflation data.
In Europe, the Stoxx 600 Index was 0.1 percent higher at 5:45 a.m. in light trading. S&P 500 futures pointed to a gain at the open, prior to the White House Cabinet shake-up.
Today, HD Supply Holdings, Dick’s Sporting Goods and DSW report results.