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Futures up: Dow 0.33%, S&P 500 0.48%, Nasdaq 0.65%

Jan 14 (Reuters) - U.S. stock index futures rose on

Tuesday, supported by falling Treasury yields as investors

awaited December's inflation numbers as well as upcoming

corporate earnings to assess the health of the world's largest

economy.

At 05:32 a.m. ET, Dow E-minis were up 142 points,

or 0.33%, S&P 500 E-minis were up 28.25 points, or

0.48%, and Nasdaq 100 E-minis were up 137 points, or

0.65%.

Producer Price Index data, due at 8:30 a.m. ET, will be the

first of two reports due this week that could offer clues on the

state of inflation in the United States.

Economists polled by Reuters forecast the index to have

risen to 3.4% in December, from 3% the previous month. Among

components that feed into the Personal Consumption Expenditure

index, the U.S. Federal Reserve's preferred inflation gauge, the

focus will be on healthcare services, portfolio management fees

and airfares.

Excluding volatile items such as food and energy, the PPI

index is expected to have risen to 3.8% in December. The

Consumer Price Index data is due on Wednesday.

Quarterly reports from big banks are also highly anticipated

later this week, with the lenders expected to report stronger

earnings, fueled by robust dealmaking and trading.

JPMorgan Chase & Co ( JPM ) added 0.6%, Morgan Stanley ( MS )

rose 0.8% and Citigroup ( C/PN ) climbed 0.7% in premarket

trading.

Wall Street's main indexes have been on a downward

trajectory since early December, with the price-weighted Dow

down more than 6% from its record high hit last month,

and the benchmark S&P 500 at a two-month low.

The central bank's cautious stance on monetary policy easing

this year, along with subsequent batches of upbeat economic

data, raised investor concerns that inflation might be running

high.

U.S. President-elect Donald Trump is expected to take office

on Jan. 20 and his policy proposals on tariffs and immigration

are widely expected to fuel inflation.

Yields on longer-dated Treasury bonds

dipped on Tuesday, but are near their highest levels

since late 2023. Analysts also pointed to a report that said the

incoming administration was considering gradual tariff hikes,

giving the U.S. negotiating leverage.

Traders have pared back expectations for a Fed rate cut in

2025, according to data compiled by LSEG, and now see the

central bank lowering interest rates by about 27.5 basis points

by the year end.

Comments from Kansas City Fed President Jeffrey Schmid and

New York Fed President John Williams, who are voting members on

the Federal Open Market Committee, will be scrutinized for their

perspectives on monetary policy easing and the state of the

economy.

Among megacaps, AI-bellwether Nvidia ( NVDA ) rose 2.2%

after logging four days of declines, on expectations that fresh

U.S. export restrictions could hurt the company's revenues,

while Tesla added 2.5%.

Crude prices dipped, with all eyes on a plan

to end the geopolitical conflict in the Middle East that could

provide markets with some respite.