September S&P 500 E-Mini futures and Nasdaq 100 E-Mini futures are up this morning. U.S. consumer prices rose more than expected in August, with the consumer price index growing by 0.4%, pushing annual inflation to 2.9%. Wall Street saw mixed results, with Oracle leading gainers and Synopsys being the top loser. U.S. producer price index fell in August. Rate futures predict a 100% chance of a 25 basis point rate cut next week. Today’s focus is on the U.S. consumer inflation report. Adobe is set to report earnings. Euro Stoxx 50 Index is up, with defense and financial stocks performing well. Asian markets closed higher, with China’s Shanghai Composite Index rising on AI optimism. Japan’s Nikkei 225 Stock Index hit a new record high. Japanese BSI Large Manufacturing Conditions Index was stronger than expected in Q3. Pre-market U.S. stock movers include Nvidia, Oxford Industries, Opendoor Technologies, United Parcel Service, and Advanced Micro Devices. Earnings spotlight includes Adobe, Kroger, RH, and more.

Read more at Yahoo Finance: Stocks Rise Before the Open After Key U.S. Inflation Data was Released