US pre-open: Futures lower ahead of PPI reading
By Iain Gilbert
Date: Thursday 12 Jun 2025
(Sharecast News) - Wall Street futures were in the red ahead of the bell on Thursday as investors awaited last month's wholesale inflation report and continued to digest trade headlines.
As of 1200 BST, Dow Jones futures were down 0.62%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.42% and 0.34% softer, respectively.
The Dow closed just 1.10 points lower on Wednesday following a cooler-than-expected May CPI reading and emerging details from the US and China's "framework" trade agreement.
Thursday's primary focus will likely be May's producer price index, set for release at 1330 BST, with economists expecting to see headline PPI increase 0.2% month-on-month, while core PPI, which strips out volatile food and energy prices, was seen 0.3% higher versus April.
Market participants will also look for further updates on trade talks between the US and China after officials struck a "framework" agreement in London earlier in the week, with the deal now awaiting approval from Donald Trump and Chinese president Xi Jinping.
Tensions between the US and Iran were also drawing an amount of investor attention prior to the open after Trump expressed concerns that the two nations would be able to strike a nuclear deal.
Elsewhere on the macro front, weekly jobless claims data from the Labor Department will be released at 1330 BST, as will May's producer price index.
In the corporate space, Oracle shares were higher in pre-market trading after posting Q4 results that beat on both the top and bottom lines and guided to further cloud revenue growth, while Boeing shares traded lower following the crash of a London-bound 787-8 Dreamliner carrying 242 people shortly after takeoff from Ahmedabad in India.
Reporting by Iain Gilbert at Sharecast.com
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