Futures Point to Lackluster Open

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Futures Point to Lackluster Open

by Wochit 0:58 mins

Futures Point to Lackluster Open

by Wochit 0:58 mins

U.S. stock futures fell ahead of wholesale data and a speech from St. Louis Federal Reserve President James Bullard while data from Europe failed to inspire gains. Data from the Federal Reserve Bank of New York showed that Americans trimmed their overall indebtedness in the latest quarter, continuing a nearly five-year trend as mortgage balances fell further U.S. producer prices were flat in July and pointed to very little inflationary pressure in the economy, which could add to worries at the U.S. Federal Reserve that inflation is running too low. Stock index futures were mostly flat as investors found few reasons to make big bets with equities near all-time highs and little clarity over Federal Reserve policy.

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