Tuesday, June 17, 2014

U.S. stock futures trade in narrow range

U.S. stock futures were trading in a narrow range on Friday.

Dow Jones industrial average index futures fell 0.2%, Standard & Poor's 500 index futures added 0.2% and Nasdaq index futures were up slightly by 0.1%.

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China's inflation was steady in January, leaving its government room to stimulate the economy if a slowdown worsens.

China's consumer prices rose 2.5% over a year earlier in January. The rise in politically sensitive food costs decelerated to 3.7% from December's 4.1%.

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China's Shanghai composite index rose 0.8% to 2,116 and Hong Kong's Hang Seng added 0.6% to 22,298. But Japan's Nikkei 225 stock average dropped 1.5% to 14,313.

Official figures show the economic recovery across the eurozone accelerated in the fourth quarter of 2013. Eurostat, the European Union's statistics office, said Friday that the eurozone's gross domestic product grew by 0.3% in the October-December quarter compared with the previous three-month period.

Britain's FTSE 100 index added 0.1% and the CAC-40 in France rose 0.4%. Germany's DAX rose 0.5% to 9,606.95.

Benchmark U.S. crude for March delivery was down 24 cents at $100.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract eased 2 cents to close at $100.35 on Thursday.

A report showed that cold weather caused U.S. retail sales to drop in January for a second straight month as Americans spent less on autos and clothing and at restaurants during a brutally cold month. Weekly jobless claims were higher than expected.

Contributing: Associated Press

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