Dow futures tick higher, CPI in focus

© Reuters.

By Oliver Gray – U.S. stock futures lifted slightly during Sunday’s overnight deals, after major benchmark averages posted weekly advances as fresh data and a contracting sector indicated easing inflation pressures.

By 6:30pm ET (11:30pm GMT) were up 0.1%, added 0.2% and were up 0.4%.

Ahead in the week, market participants will be focused on December’s Consumer Price Index, with the reading expected to come in at 0.1%, bringing the rate to 6.6% from 7.1%. In addition, , and prices, while speeches from Federal Reserve Chair Jerome and FOMC Member will also be closely monitored.

On the earnings front, major banking companies including JPMorgan Chase & Co (NYSE:), Bank of America Corp (NYSE:), Citigroup Inc (NYSE:) and Wells Fargo & Company (NYSE:) are expected to report results.

During Friday’s trade, the added 700.5 points or 2.1% to 33,630.6, the gained 87 points or 2.3% to 3,895.1 and the lifted 264.1 points or 2.6% to 10,569.3. For the week, the Dow lifted 1.4%, the S&P500 added 1.1% while the NASDAQ ticked 0.1% higher.

On the bond markets, rates were at 3.56%.


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