Renewed inflation concerns may weigh on Wall Street in early trading on Thursday following the release of a report showing a bigger than expected increase in producer prices.
The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.8 percent.
The futures came under pressure after the Labor Department said its producer price index for final demand climbed by 0.7 percent in January after edging down by a revised 0.2 percent in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.