Futures on US stock indices are growing on the October inflation data

Futures on US stock indices are growing on the October inflation data


According to the auction, the futures index of wide market S&P 500 grew to the level 2053,50 item, index futures the DJIA is up 17486 points, the index futures NASDAQ high-tech companies – up to 4575 points on the background data of consumer price statistics.

MOSCOW, Nov 17. Futures on US stock indices on Tuesday, showed a positive trend on the background data of consumer price statistics in the country in October, according to AFP.

As at 16.41 GMT, futures on the index of wide market S&P 500 grew by 0.27% to the level 2053,50 points, futures on the DJIA index is 0.37%, to 17486 points, the index futures NASDAQ high-tech companies — 0.33%, to 4575 points.

According to the U.S. Department of labour, consumer prices in the country in annual and monthly terms in October rose 0.2%. Analysts predicted inflation in October annual pace of 0.1% on a monthly — 0.2%.

Core inflation — excluding prices for food and energy, which in October was 0.2%. In annual terms the indicator reached 1.9%. Both indicators have coincided with forecasts of experts. Food prices in monthly terms in October showed an increase of 0.1% and energy by 0.3%. In annual terms, energy prices fell by 17.1%, while food, on the contrary, rose in price by 1.6%.

As Reuters reports, statistical data reinforced investors ‘ expectations of an early increase in base interest rates by the fed in December. One of the conditions of the regulator to increase rates was to achieve the target of 2% inflation.