U.S. stock index futures indicated a lower open on Friday, as markets looked to inflation data and industrial production figures for July.
The producer price index (PPI) gained 0.2 percent in July, slightly above the gain of 0.1 percent. Core PPI – the price index minus food and energy – also rose 0.2 percent last month and was expected to gain just 0.1 percent.
U.S. industrial production for July shot up 0.6 percent, the Fed said, well above the expected 0.3 percent gain as auto production surged.
In addition, consumer sentiment data will be released at 10:00 a.m.
Traders may, however, be diverted by the continued slide in oil prices. Brent crude traded at around $49 per barrel on Friday, while U.S. crude fell below $42 a barrel.
On the earnings front,J.C. Penney reported mixed quarterly results, missing on the top line but beating on revenue.
Outside of the U.S., trade in Asian and European stocks was calmer on Friday, as the People`s Bank of China soothed fears about continued depreciation in the yuan. The benchmark Shanghai Composite index ended 0.3 percent higher on Friday, after two days of volatile trading following China`s devaluation of its currency.
In Europe, equities traded slightly higher, as investors awaited a key meeting of European officials at which a prospective third bailout program for Greece will be in focus.
- Prada seeks younger customers in bid for growth
- Lotte vice chairman Lee In-won found dead
- German business confidence falls post-Brexit, says Ifo
- Tesla touts speed and driving range with new upgraded battery
- Stocks creep up amid Fed limbo, dollar dips leftright 22leftright 12leftright
- China Crinkles Aluminum Foil Makers
- Cisco to lay off about 14,000 employees: tech news site CRN leftright 22leftright
- UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes - but US poses biggest risk to global growth
- Fuel prices push up UK inflation rate to 0.6%
- Humidity 47%
- Winds 0 kph