Markets

US Futures Point South Ahead of Key Data, Fed Speeches

US stock futures were headed south on Wednesday ahead of the release of key economic data and a few speeches from the Federal Reserve.

A jump in Treasury yields on a report that China may relax its purchases of US debt weighed on equities.

Oil prices nudged higher, with global benchmark Brent Crude up 0.68%, while US crude West Texas Intermediate was up 1% recently as traders looked ahead to the release of weekly US inventory data.

At 8:30 am, data are expected to show import and export prices rising 0.4% and 0.3%, respectively, in December as compared with prior gains of 0.7% and 0.5%, according to data compiled by Econoday.

At 10 am, forecasters see a 0.7% build in wholesale trade inventories for December vs. a 0.5% decline from the previous month.

Federal Reserve Presidents Charles Evans, Robert Kaplan and James Bullard are scheduled to give speeches.

In equities, shares of InspireMD ( NSPR ) were 5% higher pre-bell after the company said it expects a 211% increase in CGuard EPS sales for Q4.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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