Stock futures rebound, oil prices stabilize

|By:, SA News Editor

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.