Aug 13 (Reuters) - U.S. stock index futures extended
their gains on Tuesday after a producer prices report showed
abating inflation pressures, keeping the Federal Reserve on
track to cut interest rates in September.
Data from the U.S. Labor Department showed the producer
price index rose 0.1% on a monthly basis in July, compared to
the 0.2% rise expected by economists polled by Reuters.
Annually, it rose to 2.2%, versus an estimate of a 2.3%.
Excluding volatile food and energy components, core PPI did
not increase month-on-month, compared to an expected 0.2% rise.
Annually, the narrower measure of PPI stood at 2.4%, versus an
estimated 2.7% advance.
At 08:30 a.m., Dow E-minis were up 111 points, or
0.28%, S&P 500 E-minis were up 32 points, or 0.57% and
Nasdaq 100 E-minis were up 154 points, or 0.83%.