07:20 AM EDT, 05/13/2024 (MT Newswires) -- The benchmark US stock measures were pointing moderately higher before Monday's opening bell, as investors look ahead to fresh key inflation data later in the week.

The S&P 500 futures and the Dow Jones Industrial Average edged up 0.1% each in premarket activity, while the Nasdaq added 0.2%. Asian and European exchanges were mixed to lower.

With no economic reports scheduled for Monday's calendar, traders await the producer price index for April on Tuesday and the consumer price index on Wednesday. Last month's retail sales report is also out on Wednesday.

Federal Reserve Bank of Cleveland President Loretta Mester is scheduled to speak at 9 am ET.

Tencent Music Entertainment's ( TME ) American depositary receipts rose 4% pre-bell as the Chinese music and audio entertainment platform's first-quarter results topped market expectations. GameStop ( GME ) jumped 37%, while Alibaba Group's ( BABA ) US-listed stock advanced 3.7%.

In addition to Tencent Music, Legend Biotech ( LEGN ) , Burford Capital ( BUR ) , Fortrea ( FTRE ) and NET Power ( NPWR ) report their latest financial results before the bell.

Before the open, bitcoin increased 2.1% to $62,620, West Texas Intermediate crude nudged 0.5% higher to $78.68 a barrel, yields on 10-year Treasuries decreased 2.1 basis points to 4.48% and gold declined 1.2% to $2,349 an ounce.