BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Consumer Price Index, Retails Sales report as well as a slew of Fed speeches are the focus on Friday. The economic data might throw light to the impact of recent hurricanes. Asian shares closed mostly up, while Europeans shares are on a negative note. The early trading on U.S. Futures Index point to a slightly higher opening for Wall Street.
As of 7.15 am ET, the Dow futures were adding 21 points, the S&P 500 futures were gaining 1.75 points and the Nasdaq 100 futures were progressing 3.50 points.
U.S. stocks closed modestly lower on Thursday after spending much of the day bouncing back and forth. The Dow edged down 31.88 points or 0.1 percent to 22,842.01, the Nasdaq dipped 12.04 points or 0.2 percent to 6,591.51 and the S&P 500 dipped slipped 4.31 points or 0.2 percent to 2,550.93.
On the economic front, the Labor Department's Consumer Price Index for September will be issued at 8.30 am ET. The economists are looking for growth consensus of 0.6 percent, compared to 0.4 percent in the prior month.
The Commerce Department's retail sales report for September will be published at 8.30 am ET. The consensus is for growth of 1.8 percent, compared to a decline of 0.2 percent.
Boston Federal Reserve Bank President Eric Rosengren will give opening remarks at the Boston Fed's 61st Economic Conference 'Are Rules Made to be Broken? Discretion and Monetary Policy', in Boston at 8.30 am ET.
The Commerce Department's Business Inventories for August will be published at 10.00 am ET. The forecasters are looking for consenus of 0.7 percent, while it recorded 0.2 percent in July.
Consumer Sentiment report for October will be released at 10.00 am ET. The consensus is for 95.4, slightly up from 95.1 in the previous month.
Chicago Federal Reserve Bank President Charles Evans will participate in a moderated discussion at the 7th Annual Wisconsin Summit on Financial Literacy in Green Bay, Wisconsin, with audience and media Q&A at 10.25 am ET.
Dallas Federal Reserve Bank President Robert Kaplan will participate in a moderated Q&A session at 2017 CFA Institute's Fixed Income Management Conference in Boston, with audience Q&A at 11.30 am ET.
The Baker Hughes North American rig count that tracks weekly changes in the number of active operating oil & gas rigs will be revealed at 1.00 pm ET. The prior week North American Rig count was 1145, and U.S. rig count was 936.
Federal Reserve Governor Jerome Powell will deliver keynote address at the Boston Fed's 61st Economic Conference, 'Are Rules Made to be Broken? Discretion and Monetary Policy,' in Boston at 1.00 pm ET.
The Treasury Budget for September will be published at 2.00 pm ET. The consensus is for $3.00 billion, compared to a deficit of $107.7 billion.
In the corporate sector, Bank of America reported third-quarter net income of $5.6 billion, up 13 percent from the prior year. Revenue for the quarter climbed 19 percent to $21.8 billion from $21.6 billion in the previous year.
German chemicals giant BASF SE said it has signed an agreement to acquire significant parts of seed and non-selective herbicide businesses of German conglomerate Bayer AG. The all-cash purchase price is 5.9 billion euros, subject to certain adjustments at closing. For Bayer, the divestment is part of its planned acquisition of Monsanto. It is expected to close in the first quarter of 2018.
Asian stock closed mostly higher. China's Shanghai Composite Index gained 4.42 points or 0.13 percent to finish at 3,390.52. Hang Seng of Hong Kong progressed 17.40 points or 0.06 percent to close at 28,476.43. The Japanese market surged to a fresh 21-year high. The benchmark Nikkei 225 Index gained 200.46 points or 0.96 percent to finish at 21,155.18, its highest level since September 1996. The broader Topix Index added 0.5 percent to settle at 1,708.62. The Australian market closed at its highest level since June 2017. The benchmark S&P/ASX 200 Index advanced 19.70 points or 0.34 percent to settle at 5,814.20. The broader All Ordinaries Index added 20.60 points or 0.35 percent to close at 5,884.70.
European shares are trading mixed. Among the major indexes in the region, the CAC 40 Index of France is up 0.86 points or 0.02 percent. The German DAX is gaining 16.60 points or 0.13 percent. The U.K. FTSE 100 Index is slipping 18.66 points or 0.24 percent, while the Swiss Market Index is declining 3.15 points or 0.03 percent.
The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is climbing 0.16 percent.
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