US Futures Gain Ahead of Data

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US stock futures were pointing north on Thursday as traders looked ahead to readings on jobless claims and the consumer price index.

Oil prices nudged higher, following sharp losses from the previous session, with global benchmark Brent Crude up 1.27%, and US crude West Texas Intermediate up 0.71% recently as the International Energy Agency warned of output capacity limits.

At 8:30 am, data are expected to show consumer prices rising 0.2%, and a core rate increase of 0.2% in June. Unemployement claims are expected to come in at 225,000 in the July 7 week vs 231,000 in the prior week.

In equities, shares of CA Technologies ( CA ) were 18.3% higher after the company agreed to be acquired by Broadcom for $18.9 billion in cash.

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This article appears in: Investing , Stocks

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