Outlook 10/11: U.S. stock futures rise slightly on Wednesday as investors assessed fresh inflation data and cheered a large merger in the energy space. Treasury yields continued to retreat from the 16-year highs reached last week. The producer price index rose 0.5% for September, coming out higher than a 0.3% estimated. While slightly higher than what economists’ expected, the September figure still represented a slowing from the 0.7% producer prices increase in the prior month. Minutes from the Federal Reserve’s latest meeting due in the afternoon will offer further insight into the central bank’s hiking cycle after it chose to skip an interest rate increase last month. Traders are also looking ahead to Thursday’s consumer price index report for September.
/ESZ23 (Dec 2023): YVAH 4417 YPOC 4397 YVAL 4388 GAP 4392
/ES Plan: Yesterday market closed bullish, but overnight looks more balanced, moving within previous value, so these're the opening and initial balance options for today:
