A positive opening is on the cards as investors await the release of U.S. inflation data later in the day for clues as to how aggressively the Federal Reserve plans to raise interest rates.
The annual rate of consumer price growth is expected to slow to 8.1 percent in April from 8.5 percent in March. Data on producer prices, or wholesale prices that impact businesses, is also due.
Cleveland Fed President Loretta Mester told Bloomberg Television that she favors half-point interest-rate rises but doesn't rule out 75-basis point move forever.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.