S&P 500 Futures Edge Larger Earlier than Inflation Information: Markets Wrap

(Bloomberg) — US inventory futures edged increased forward of essential inflation knowledge that’s anticipated to indicate worth pressures slowed final month.

S&P 500 contracts rose 0.4% and Nasdaq 100 futures gained 0.7%, signaling positive aspects for the indexes after two days of losses. Some buyers pointed to sentiment bettering after President Donald Trump stated he doesn’t see a US financial recession, in addition to Ukraine’s choice to just accept a US proposal for a 30-day truce with Russia.

All eyes are on the US shopper worth index with economists polled by Bloomberg anticipating a rise of 0.3% in February, versus the earlier month’s 0.5% rise. Whereas the Federal Reserve isn’t anticipated to chop rates of interest at subsequent week’s coverage assembly, a benign print ought to reassure buyers who’ve been on edge over the inflation trajectory, notably in mild of brewing commerce wars.

President Donald Trump’s newest tariffs on metal and aluminum imports got here into drive Wednesday, extending his commerce wars to extra of the US’s prime buying and selling companions, whereas the EU launched countermeasures. Nevertheless, he scrapped plans to double tariffs on Canadian metal and aluminum.

Europe’s Stoxx 600 index rose 0.7% after 4 days of losses. Amongst particular person inventory movers, Zealand Pharma A/S soared 40% following its pact with Roche Holding AG to co-develop an experimental weight problems drug. Retail sector shares had been dragged decrease by Zara-owner Inditex SA and Puma SE, which warned of stress on gross sales.

Do tariffs matter greater than the Fed for US inventory markets in 2025? Share your views within the newest MLIV Pulse survey right here.

Key occasions this week:

• Canada fee choice, Wednesday

• US CPI, Wednesday

• Eurozone industrial manufacturing, Thursday

• US PPI, preliminary jobless claims, Thursday

• US College of Michigan shopper sentiment, Friday

–With help from Matthew Burgess and Chris Bourke.

©2025 Bloomberg L.P.