(Bloomberg) — US inventory futures edged greater forward of essential inflation information that’s anticipated to indicate value pressures slowed final month.
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S&P 500 contracts rose 0.4% and Nasdaq 100 futures gained 0.7%, signaling positive factors for the indexes after two days of losses. Some buyers pointed to sentiment bettering after President Donald Trump mentioned he doesn’t see a US financial recession, in addition to Ukraine’s choice to simply accept a US proposal for a 30-day truce with Russia.
All eyes are on the US client value index with economists polled by Bloomberg anticipating a rise of 0.3% in February, versus the earlier month’s 0.5% rise. Whereas the Federal Reserve is just not anticipated to chop rates of interest at subsequent week’s coverage assembly, a benign print ought to reassure buyers who’ve been on edge over the inflation trajectory, notably in mild of brewing commerce wars.
President Donald Trump’s newest tariffs on metal and aluminum imports got here into power Wednesday, extending his commerce wars to extra of the US’s high buying and selling companions, whereas the EU launched countermeasures. Nevertheless, he scrapped plans to double tariffs on Canadian metal and aluminum.
Europe’s Stoxx 600 index rose 0.7% after 4 days of losses. Amongst particular person inventory movers, Zealand Pharma A/S soared 40% following its pact with Roche Holding AG to co-develop an experimental weight problems drug. Retail sector shares had been dragged decrease by Zara-owner Inditex SA and Puma SE, which warned of stress on gross sales.
Do tariffs matter greater than the Fed for US inventory markets in 2025? Share your views within the newest MLIV Pulse survey right here.
Key occasions this week:
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Canada price choice, Wednesday
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US CPI, Wednesday
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Eurozone industrial manufacturing, Thursday
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US PPI, preliminary jobless claims, Thursday
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US College of Michigan client sentiment, Friday
–With help from Matthew Burgess and Chris Bourke.
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