(Il Sole 24 Ore Radiocor) - Milano, 13 mag - US futures were broadly higher boosted by tech gains as investors geared up for more inflation data and newsflow from president Donald Trump's visit to China.

Wall Street ended mixed yesterday with the S&P 500 and tech-heavy Nasdaq pulling back from recent record highs, down 0.2% and 0.7%, respectively. The Dow closed up 0.1%.

Today's producer price index is expected to show wholesale inflation picked up in April as fallout from the war with Iran takes its toll. The reading comes a day after consumer prices grew at their highest rate for three years.

Investors are concerned renewed inflationary pressure could prompt the Federal Reserve to put back interest rate cuts or even possibly consider a rate hike.

With the Strait of Hormuz still effectively closed, traders are monitoring US-Iran exchanges for signs of a breakthrough.

Closure of the Strait, a critical chokepoint for global oil trade, has pushed up energy prices and rekindled inflation.

The US president's two-day Chinese trip starting today is expected to focus on trade and AI issues. The heads of Nvidia, Apple and Tesla are among a group of corporate CEOs accompanying Trump.

On the stocks front, shares in Nvidia were up nearly 2% in premarket trade after its CEO Jensen Huang joined the delegation for China. Chipmakers Intel and Micron Technologies also benefitted from their top managers being part of Trump's entourage, up 2.5% and 5% respectively.

Futures on the Dow Jones were down 147.00 points, or 0.29%, S&P 500 futures were up 13.00 points, or 0.18%, while futures.

on the Nasdaq were up 187.00 points, or 0.64%.

(RADIOCOR) 13-05-26 13:52:57 (0419) 5 NNNN