Futures rise as Treasury yields retreat ahead of inflation data

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Futures rise as Treasury yields retreat ahead of inflation data
France Dernières Nouvelles,France Actualités
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Oct 12 - Futures tracking Wall Street's main indexes rose on Thursday as Treasury yields continued to ease, while investors looked forward to crucial inflation data to gauge the Federal Reserve's interest-rate outlook.

The yield on the benchmark 10-year note fell for the third straight day, helping megacap stocks Apple , Alphabet , Nvidia , Meta Platforms and Amazon.com advance between 0.2% and 0.7% in premarket trading. Minutes of the Fed's Sept. 19-20 meeting showed a growing sense of uncertainty around the path of the U.S. economy, with volatile data and tightening financial markets posing risks to growth.

Traders put the chance of interest rates remaining unchanged in November and December at around 91% and around 72%, respectively, according to CME's FedWatch tool.

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