Looming Key Inflation Report Drives Muted Premarket Action for US Equity Futures

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Looming Key Inflation Report Drives Muted Premarket Action for US Equity Futures

MT Newswires Live12-09

US equity futures were little changed pre-bell Monday with investors' attention focused on the upcoming November consumer price index due for release later in the week.

Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures slipped 0.1% and Nasdaq futures retreated 0.2%.

The Consumer Price Index, or CPI, is scheduled for release on Wednesday. Pundits are expecting headline CPI to show a 0.2% increase on the month and a 2.7% on the year for November, according to estimates compiled by Bloomberg.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.2% at $71.94 per barrel and US West Texas Intermediate crude up 1.4% at $68.11 per barrel.

Wholesale inventories, scheduled for release at 10 am ET, are expected to inch higher by 0.2% in October following a 0.2% drop in the previous month.

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