By Peter Nurse
Investing.com – U.S. stocks are seen opening largely unchanged Wednesday, with investors treading water ahead of the release of U.S.
inflation data later in the week.
At 7 AM ET (1200 GMT), the contract was down 20 points, or 0.1%, while traded 4 points, or 0.1%, higher, and climbed 40 points, or 0.3%.
The proximity to Thursday’s U.S. inflation numbers is limiting activity as investors fret that a strong number will pile pressure on the Federal Reserve to start reining in its very accommodative monetary policy stance.
Economists are expecting May’s to rise 4.7% from a year earlier, a jump from April’s 4.2%, which was the fastest rise since 2008.
“While on the CPI side all the focus will be on the U.S. prices tomorrow, the China May PPI data overnight underlined the clear global trend of building price prices,” said ING analysts, in a note.
Earlier Wednesday, China’s factory gate prices...read more...