Stock Futures Rise on Inflation Data, Corporate Earnings

Stock futures remain elevated after the release of the Federal Reserve's preferred inflation gauge, which aligned with expectations.

Key Market Moves:

* S&P 500 futures: +0.4%
* Nasdaq 100 futures: +0.7%
* Dow Jones Industrial Average futures: +0.3%
* Stoxx Europe 600: +0.4%
* MSCI World Index: Flat

Inflation Gauge:

The core personal consumption expenditures price index, excluding food and energy, rose 0.2% from November and 2.8% year-over-year, meeting estimates. Fed Governor Michelle Bowman emphasized the need for further inflation progress before easing interest rates.

Corporate Highlights:

* Apple: Reassuring revenue forecast boosts shares amid mixed holiday results.
* Intel: Exceeds revenue expectations but notes ongoing competitiveness challenges.
* Exxon Mobil: Beats earnings estimates, mitigating concerns over capital spending.
* Chevron: Raises dividends despite lower profits and shrinking margins.

Other Market Action:

* Bloomberg Dollar Spot Index: +0.2%
* Euro: Little change at $1.0385
* British Pound: Little change at $1.2417
* Japanese Yen: -0.4% to 154.86 per dollar
* Bitcoin: -0.1% to $104,918.64
* Ether: +3.4% to $3,357
* 10-Year Treasury Yield: Flat at 4.52%
* West Texas Intermediate Crude: +0.3% to $72.96 per barrel
* Spot Gold: +0.4% to $2,805 per ounce

This automated article is generated with Bloomberg's assistance.