Tech stock futures slip as investors brace for a jump in inflation, while bitcoin rebounds after sharp drop

SourceBusiness Insider
SectorFinancial Markets
CountryMiddle east

Tech stock futures slipped on Wall Street on Thursday as investors around the world awaited key US inflation data, which is expected to show a sharp rise in prices in May. Meanwhile, rallied after its recent tumble as investors were drawn in by the lower price. The and Treasury yields moved slightly higher.

Futures were mostly flat, with the tech-heavy index down 0.2%. down 0.05% and up 0.03%. In Europe, the was down 0.08% as the European Central Bank prepared to set monetary policy. In Asia overnight, China’s rose 0.67% while Japan’s climbed 0.34%. Markets have been subdued for much of the last two weeks, with investors happy to see stocks tick slowly higher as economies reopen. The S&P 500 and the Stoxx 600 have been trading around record highs. Yet the US consumer price index inflation data, due to be released at , has the potential to shake markets. Economists expect CPI to have jumped 4.7% year on year...read more...