financetom
World
financetom
/
World
/
Wholesale Inflation Accelerates in November as US Equity Futures Drop Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wholesale Inflation Accelerates in November as US Equity Futures Drop Pre-Bell
Dec 12, 2024 6:04 AM

08:54 AM EST, 12/12/2024 (MT Newswires) -- US equity futures were lower pre-bell Thursday as traders digested data on jobless claims and wholesale inflation after Wednesday's consumer inflation report.

Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures were down 0.3%, and Nasdaq futures fell 0.6%.

On Wednesday, the US November consumer price index report showed a 0.3% increase in consumer prices for November, in line with estimates compiled by Bloomberg, following 0.2% growth previously.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.1% at $73.42 per barrel and US West Texas Intermediate crude 0.1% lower at $70.21 per barrel.

New unemployment claims, released at 8:30 am ET, rose to 242,000 in the week ended Dec. 7 from 225,000 in the preceding week, compared with estimates compiled by Bloomberg for a drop to 220,000 claims. Final demand for producer prices rose 0.4% month over month in November, compared with previous month's 0.3% gain and estimates for a 0.2% increase.

In other world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng ended 1.2% higher, and China's Shanghai Composite finished 0.9% higher. Meanwhile, UK's FTSE 100 flatlined, and Germany's DAX index gained 0.1% in Europe's early afternoon session.

In equities, DBV Technologies ( DBVT ) shares were up 10% pre-bell after the company said late Wednesday that the US Food and Drug Administration has formalized guidance on an accelerated approval for the Viaskin patch for peanut-allergic children aged between one and three years.

On the losing side, Keros Therapeutics ( KROS ) shares were down 73% after the company said it voluntarily halted two treatment arms in a phase 2 study of cibotercept in combination with background therapy in patients with pulmonary arterial hypertension.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for...
China yuan falls to four-month low, state banks step in
China yuan falls to four-month low, state banks step in
Mar 21, 2024
(Updates to midday) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low of...
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE, March 22 (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the...
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
Mar 21, 2024
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) - Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank had investors wagering on who...
Copyright 2023-2026 - www.financetom.com All Rights Reserved