U. S. stock index futures rose slightly before trading on Thursday, and today, the market focused on the U. S. PPI, as well as the latest jobless claims report.

As of press time, Dow futures are up 0.1%, S & P 500 futures are up 0.1%, and Nasdaq futures are up 0.03%.

The FTSE 100th index in the UK rose 0.2 per cent, Germany's DAX index rose 0.2 per cent and France's CAC-40 index rose 0.3 per cent.

The dollar is still trading below the 93 mark, while G10 currencies such as euro and pound fluctuate in a narrow range.

Spot gold rose strongly yesterday due to a sharp fall in the dollar, and is now around 1750 on Thursday, holding on to overnight gains, with the biggest one-day percentage gain since May 6 on Wednesday.

Treasury yields fell in early trading on Thursday, while the yield on the benchmark 10-year Treasury note fell nearly 2 basis points to 1.341%. The yield on the 30-year Treasury note fell 1 basis point to 1.991 per cent.

In recent weeks, as the economy has opened up, there has been unease about runaway US inflation. However, some banks are now turning their attention to liquidity.

The debate about inflation is wrong because it is well within the Fed's expectations. Yes, wage pressure is permanent, but that's the crux of the problem. " Said Sebastien Galy, senior macro strategist at Nordea.

What matters is what happens once liquidity starts to contract for a while under tightening, which is both a fear and an opportunity. Our account of long-term growth, especially the mode of growth, is not sustainable in the long run. "

PPI will be announced at 08:30 Beijing time in July. The index tracks changes in the prices of the goods they produce and serves as a more indirect measure of inflation.

On Wednesday, the consumer price index for July, which tracks the increase in the price of goods and services people buy, showed that core inflation rose 4.3% last year. This marks a slight slowdown in price growth compared with 4.5 per cent in June.

Treasury yields fell after the core CPI data, suggesting it calmed investor concerns about possible persistent inflationary pressures and prompted the Fed to tighten monetary policy earlier than expected.

In addition to rising inflation, the Fed is closely watching the recovery in the job market to determine when to start phasing out ultra-loose policy.

David de Garis, an analyst at NAB, wrote in a note to clients that the Fed might "get some comfort" from the CPI report. "for now, the focus is more on the pace of improvement in the job market."

De Garis said a reduction in bond purchases could be announced in November or December, but it could also be announced next month.

In addition, Brad McMillan, chief investment officer of Commonwealth Financial Network, said: "inflation has at least been suspended."

Both overall and core data are stable or down from last month's monthly and annual figures. Judging from these data, inflation is certainly not unstoppable. "

Dallas Fed Chairman Kaplan said the Fed should start withdrawing stimulus measures in October, causing yields to fall further.

"inflation is more of an isolated part than an overall rise in prices, and even these parts show signs of peaking," McMillan said. " "when we delve into these data, inflation is higher than before, but there are signs that inflation is tumbling and returning to more comfortable levels."

In addition to PPI, the number of people applying for unemployment benefits last week will also be announced at 08:30 Beijing time.

Build Asset Management's Dustin Qualley said he expected the jobless claims data to continue to decline, which would support claims of a stronger job market.

This is a more frequent indicator than employment data. "if the number of jobless claims rises unexpectedly, I am worried that the recovery will take longer than expected. An unexpected increase in employment will be good for interest rates. "

Focus stocks

The block chain plate weakens in front of the plate. Bit Mining fell 5.3% Magi Marathon Patent fell 4.2% Ji Riot Blockchain, the first market.、 Canaan IncDown more than 3%.

Moderna Inc rose 2% before trading and closed down more than 15% overnight, after the European Drug Administration said it was investigating Pfizer IncAnd Moderna Inc vaccine may cause 3 new side effects.

Palantir rose 5.46 per cent before trading, and the company expects annual revenue to grow by 30 per cent or more from 2021 to 2025.

ExOne rose nearly 37% before trading, and the company confirmed it would sell it to 3D printer Desktop Metal.

Coupang fell more than 9% before trading, Q2 loss widened compared with the same period last year.

Opendoor Technologies rose more than 19% before trading, with earnings per share and revenue surging year-on-year.

Technology pharmaceutical company Medpowder fell more than 27% in pre-market trading after cutting its revenue forecast for 2021.

Clover head rose more than 13% before trading, turned from a year-on-year loss to profit in the second quarter, and both revenue and net profit exceeded market expectations.

Lordstown Motors, which rose more than 6% before trading, still plans to start producing electric trucks in September and will start delivering them in the first quarter of next year.

BaiduRevenue from Q2 fell 1.9% before trading, up 20% from a year earlier, and net profit was negative for the second consecutive quarter.

shellIt fell nearly 10% before trading, and revenue in the third quarter is expected to fall by about 24.6% year-on-year to 29.4%.

IdealThe car fell nearly 2% in front of the market, and it was broken on the first day of listing in Hong Kong.

NIO Inc.Cars rose 0.75% before trading, with year-on-year revenue doubling and loss per share narrowing sharply in the second quarter.

iQIYIIt rose 1.2% before trading, and the results showed that its revenue in the second quarter was higher than the market forecast.

Hongqiao Hi-Tech rose more than 33% before trading, officially entering the encrypted digital currency market.