(Il Sole 24 Ore Radiocor) - Milano, 11 set - US futures were higher ahead of key inflation data as easing oil prices buoyed sentiment.

Wall Street closed lower yesterday after wholesale inflation boosted bets on an interest rate hike. The Dow and the S&P 500 both lost 0.6% while the tech-heavy Nasdaq shed 0.7%.

Today's consumer price index will be key as to whether the Federal Reserve raises its rates next week or not. The index is expected to show prices rose 0.4% in August compared to the previous month and 3.4% from a year ago. Core prices, stripping out food and energy, are expected to rise 0.2% and 2.4%.

High energy prices driven by the US-Iran war have fed into inflation, fuelling concerns of a rate hike by the Fed as early as its monetary meeting next week.

Brent futures today came off recent highs, easing 3.4% to around 103 dollars per barrel.

The bond market meanwhile steadied after the 10-year Treasury yield came close to hitting 5% overnight.

On the stocks front, shares in Oracle jumped 6% in premarket trade after the hyperscaler reported higher profits and revenue. Shares in Adobe fell 4% after the software company said its move to a 'freemium' business model could slow revenue growth near term.

Futures on the Dow Jones were up 285.00 points, or 0.55%, S&P 500 futures were up 40.75, or 0.54%, while futures on the.

Nasdaq were up 178.50 points, or 0.61%.

(RADIOCOR) 11-09-26 13:46:37 (0392) 5 NNNN