Earnings boost stocks as markets brace for U.S. inflation data

Published by
Reuters

By Carolyn Cohn LONDON (Reuters) – U.S. stock futures ticked up and European stocks reversed early losses on upbeat earnings on Wednesday, though markets were jittery ahead of U.S. consumer price data later in the session and oil dropped from recent multi-year highs. Concerns about rising inflation are gnawing at optimism about global recovery from the COVID-19 pandemic. September U.S. CPI is forecast to show a monthly gain of 0.3%, according to a Reuters poll. Minutes of the U.S. Federal Reserve’s September policy meeting are also due later. “The markets are at a crossroads,” said Giles Coghl…

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