April 11 (Reuters) - U.S. stock index futures pared
declines on Thursday after softer-than-expected producer prices
data soothed investor jitters about sticky inflation, keeping
hopes of interest-rate cuts from the U.S. Federal Reserve this
year alive.
A Labor Department report showed the Producer Price Index
(PPI) rose 0.2% month-on-month in March, compared with a 0.3%
increase expected by economists polled by Reuters. Annually, it
rose 2.1%, versus an estimated growth of 2.2%.
A separate report showed the number of Americans filing for
unemployment claims stood at 211,000 for the week ended April 6,
compared with an estimated 215,000 claims.
At 8:32 a.m. ET, Dow e-minis were down 63 points,
or 0.16%, S&P 500 e-minis were down 8.25 points, or
0.16%, and Nasdaq 100 e-minis were up 3.5 points, or
0.02%.