US stock futures steady as oil lifts inflation and rate fears
US stock futures stabilized Wednesday after the prior session’s declines, with rising oil prices fueling inflation and higher-rate concerns. Traders also look ahead to this week’s US inflation data and the Fed meeting next week.
US stock futures steadied on Wednesday after the major averages fell in the previous session, with rising oil prices adding to inflation concerns and the prospect of higher interest rates. The moves followed the US strike on five Iranian tankers near Kharg Island in retaliation for attempted missile attacks on a US warship. Investors are also watching key US inflation data due this week, which may offer more insight into the Federal Reserve’s rate path ahead of its meeting next week. Markets are pricing in roughly a 60% probability of a 25-basis-point rate hike.
32%. 6% ahead of its sterling bond offering.