tl;dr
Stock index futures are indicating a higher open for Thursday, with Nasdaq 100, S&P, and Dow futures all showing gains. Meanwhile, retail and wholesale inflation data are set to be released prior to market open, with economists forecasting positive figures for both.The 10-year Treasury yields remain...
Stock index futures are indicating a higher open for Thursday, with Nasdaq 100, S&P, and Dow futures all showing gains. Meanwhile, retail and wholesale inflation data are set to be released prior to market open, with economists forecasting positive figures for both.
The 10-year Treasury yields remained steady at 4.19%, and the 2-year yield held flat at 4.63%. However, investors saw a selloff in sovereign bonds on Wednesday as the possibility of near-term rate cuts receded. The February retail sales report is expected to show a rebound from January's low sales, driven by severe weather conditions. The February PPI is also anticipated to rise on a monthly and annual basis, with some components influencing the Fed's PCE measure of inflation. This anticipatory data will offer insights into the potential direction of the PCE inflation data set to be released later in March.
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