Dow Futures Rise After Losing Week By


© Reuters.

By Oliver Gray – U.S. stock futures were trading slightly higher during Sunday’s evening deals after major benchmark indices closed lower for the week amid souring risk sentiment as market participants bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation.

By 6:30pm ET (10:30pm GMT), were trading 0.1% higher while and were little changed.

Ahead in the week, investors will be monitoring fresh figures for May alongside , , and the preliminary . The annual inflation rate is expected to come in at 8.3% in May, holding slightly below a 41-year high of 8.5% hit in March.

Last week, the blue-chip fell 0.9% for its ninth negative week in 10, while the and the lost 1.2% and 1%, respectively, last week for their eighth losing week in nine.

On the data front, the U.S. added 390K jobs in May, beating expectations of 325K despite fears of an economic slowdown and surging inflation pressures, while some traders believe the strong hiring data could be clearing the way for the Fed to remain aggressive.

On the bond markets, rates were at 2.941%.