(News Bulletin 247) – Futures on the S&P500 (stable) and the Nasdaq-100 (+0.1%) suggest a hesitant start to the session on the New York Stock Exchange this Friday, against the backdrop of a series of mixed economic indicators for investors.
The PCE price index increased by 4.4% year on year in April, including a 4.7% increase excluding food and energy, annual rates therefore up slightly compared to their respective levels of 4.2%. and 4.6% from March.
This rise in US inflation is likely to comfort those in favor of maintaining a policy of firmness within the Fed – when it is due to meet its monetary policy committee on 13 and 14 June next.
On more positive signals, household consumption spending rose 0.8%, a rise well above consensus and 0.4% growth in income, while durable goods orders in the United States rose by 1.1%.
Half an hour after the bell, the University of Michigan consumer confidence index should appear as final data for May. For the record, it came out at 57.7 in a preliminary estimate, after 63.5 in April.
In securities news, Pfizer announced that the FDA has approved its Paxlovid for the treatment of mild to moderate Covid-19 in adults at high risk of progression to severe disease.
Operators will also be able to react to quarterly publications, published the evening before, from the chain of warehouse stores Costco Wholesale, the software publisher Autodesk and the clothing chain Gap.
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