* U.S. equity index futures mixed: Nasdaq gain, Dow flat
* U.S. Apr PPI hotter than expected; fewer jobless claims vs
est
* STOXX 600 down ~0.7%
* Dollar, gold ~flat; crude down
* U.S. 10-Year Treasury yield ~1.69%
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U.S. STOCK FUTURES MOSTLY HIGHER AFTER MORE HOT INFLATION
DATA (0852 EDT/1252 GMT)
In the wake of more hot data on U.S. inflation, as well as
jobless claims, U.S. equity index futures are mostly higher.
April PPI printed at 0.6% month-over-month vs a 0.3%
estimate. Year-over-year, it came in at 6.2% vs a 5.9% Reuters
poll. Initial jobless claims were 473k vs a 490k estimate.
With this, Nasdaq and S&P 500 e-mini futures
are green, while Dow futures are roughly flat.
With the Nasdaq relatively stronger, tech, FANGs
, and growth shares look to outperform at the
open. Nine of the ten NYFANG components are quoted up in
premarket, while energy and financial ETFs are
slipping.
The U.S. 10-Year Treasury yield is dipping
slightly to around 1.69%.
Here is where markets stand ahead of the open:
(Terence Gabriel)
*****
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(Terence Gabriel is a Reuters market analyst. The views
expressed are his own)