Markets Up Slightly Ahead of Inflation Data

Market futures are up slightly ahead of inflation data and despite the growing concern about the fallout from the collapse of crypto change FTX. Nasdaq futures are up 0.48%, or 52 points, while S&P and Down futures are up 0.27% and 0.14%, respectively.

CPI. All eyes will be on the Consumer Price Index at 8:30 am which is expected to show the top line number dipping to 8.0% and Core inflation is expected to fall slightly as well to 6.5% in October.

• Also at 8:30 Initial jobless claims are projected to rise to 220k for the week.

Asia. Asian markets ended the day in the red with Hong Kong seeing the biggest drop with HSI closing down 1.7% while Shanghai was better, it still closed 0.39% below the open.

• Japan’s Nikkei was almost down a full point with a 0.98% loss.

Europe. European markets were basically flat halfway through the trading day with London’s FTSE down .07% and Germany’s DAX up .03%