(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

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Futures down: Dow 0.18%, S&P 500 0.15%, Nasdaq 0.16%

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GameStop ( GME ) falls after reporting decline in quarterly

revenue

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May CPI data due at 8:30 a.m. ET

(Updates with prices)

By Kanchana Chakravarty and Sukriti Gupta

June 11 (Reuters) - U.S. stock index futures edged lower

on Wednesday as investors stayed cautious ahead of a key

inflation reading and awaited more details from U.S.-China trade

talks that preserved a tariff truce between the two superpowers.

The May consumer prices report (CPI) is due at 8:30 a.m. ET,

with economists polled by Reuters expecting a 0.2% rise

month-over-month and a 2.5% increase on an annual basis,

slightly higher than April as tariffs potentially raised

underlying price pressures.

"Markets appear to be shifting their focus - at least

temporarily - away from headline-driven tariff risk and back to

the macro data that really matters," said Jeff O'Connor, head of

market structure at Liquidnet.

"Investors are bracing for the first hard evidence of how

recent trade policies may be filtering into inflation."

Traders are pricing in 44 basis points of rate cuts by

year-end, per data compiled by LSEG. They are penciling in a 52%

chance of a 25 bps cut in September, according to the CME

Group's FedWatch tool. Policymakers are widely expected to keep

rates unchanged next week.

U.S. and Chinese officials agreed on a framework to put

their trade truce back on track and resolve China's export

restrictions on rare earth minerals and magnets, U.S. Commerce

Secretary Howard Lutnick said on Tuesday, at the end of two days

of intense negotiations in London. He did not provide further

details on the agreement.

The negotiations, which are pending reviews from President

Donald Trump and Chinese President Xi Jinping, were aimed at

mitigating tit-for-tat tariffs between the two superpowers that

have roiled global markets for much of the year.

The talks did little to lift sentiment among investors, who

had priced the deal in to some extent.

The U.S. stock market has rallied in recent weeks,

recovering from a slump in April sparked by Trump's "Liberation

Day" tariffs.

The S&P 500 remains about 1.7% below all-time highs touched

in February, while the Nasdaq is 2.3% below its record peaks

reached in December.

At 06:59 a.m. ET, Dow E-minis were down 76 points,

or 0.18%, S&P 500 E-minis were down 9.25 points, or

0.15%, and Nasdaq 100 E-minis were down 34.25 points, or

0.16%.

Among stocks, Tesla advanced 1.9% premarket after

CEO Elon Musk said he regrets some of the posts he made last

week about Trump, following an abrupt rift that has roiled the

electric-vehicle maker's shares.

Software development platform provider GitLab ( GTLB ) fell

11.8% after reporting quarterly results.

Shares of videogame retailer GameStop ( GME ) fell 4.8%

after it reported a decline in first-quarter revenue.

Summit Therapeutics ( SMMT ) was down 2.9% after brokerage

Leerink Partners started coverage on the drug developer with an

"underperform" rating.