GLOBAL MARKETS-U.S. stock futures buoyant on inflation view Reuters 4 hrs ago
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By Carolyn Cohn
LONDON, April 9 (Reuters) - U.S. stock futures were buoyant before the open on Friday after the S&P 500 rose to a record on Thursday on easing inflation fears, and world stocks also scored a record high.
Federal Reserve Chair Jerome Powell signalled at an International Monetary Fund event that the central bank was nowhere near reducing support for the U.S. economy, saying that while economic reopening could result in higher prices temporarily, it will not constitute inflation.
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Economic Data Scheduled For Friday
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By Carolyn Cohn LONDON (Reuters) - U.S. stock futures were buoyant before the open on Friday after the S&P 500 rose to a record on Thursday on easing inflation fears, and world stocks also scored a record high. Federal Reserve Chair Jerome Powell signalled at an International Monetary Fund event that the central bank was nowhere near reducing support for the U.S. economy, saying that while economic reopening could result in higher prices temporarily, it will not constitute inflation. The comments followed data on Thursday showing an unexpected rise in the number of Americans filing new claims for unemployment benefits.