CPI Outlook, Earnings Temper Wall Street Pre-Bell; Asia Mixed, Europe Flat
2024-12-11
Category: economic

Wall Street futures pointed unevenly and moderately higher pre-bell Wednesday, as traders weighed late earnings-season reports and awaited the pending inflation bulletin from Washington. 
The consumer price index (CPI) release for November will post at 8:30 am ET, with pundits projecting a 2.7% on-year gain, and a 3.3% rise on the CPI-core, that strips out certain food and energy bills. 
A reading much above or below expectations could nudge decisions at the Federal Reserve's policy meeting next week. 
In the futures, the S&P 500 rose 0.1%, the Nasdaq inclined 0.2% and the Dow Jones was off 0.2%. 
Asian exchanges traded unevenly overnight, although Seoul posted a second strong day of gains in a row, despite domestic political turmoil. 
European bourses tracked evenly midday on the continent. 
Dave & Buster's Entertainment (PLAY) fell 16% pre-bell after the dining-and-entertainment chain reported a wider-than-expected Q3 loss, and disclosed its CEO has tendered his resignation, late Tuesday. 
Photronics (PLAB) and REV (REVG) plan to report earnings pre-bell, among others. 
On the economic calendar, in addition to the CPI bulletin, is the weekly MBA mortgage applications report at 7 am ET, and the weekly EIA petroleum status release at 10:30 am. 
In pre-market action, Bitcoin traded at $98,529, West Texas Intermediate crude oil traded higher at $69.22, and 10-year US Treasuries offered 4.24%. Spot gold traded for $2,726 an ounce.