Seeking Alpha

Stock futures rebound, oil prices stabilize

  • Stock futures turn higher, as data shows U.S. wholesale inflation declined unexpectedly last month but investors continue to cautiously eye the violence in Iraq; Dow and S&P +0.1%, Nasdaq +0.2%.
  • Oil prices stabilize after rising earlier, as Iraq’s main oil producing regions remain insulated from imminent threat.
  • European markets trade lower across the board, with the FTSE -1.1% after BoE's Carney said the first U.K. rate hike may come sooner than the markets expected; in Asia, the Shanghai Composite +0.9% after data showed lending surged in May.
  • Intel +7% premarket after raising its outlook for Q2 and the full year, and saying demand for personal computers used by businesses was stronger than expected.
  • Still ahead: consumer sentiment.
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