U.S. Stock Futures Are Lower While Investor Concern Lies With Aggressive Central Bank Actions

United Asset Strategies |

U.S. stock futures are lower:  PPI y/y increased 11% versus 10.7% consensus and m/m was up 0.5% in line with estimates and both declined slightly versus the prior months’ results.  The ex-food, energy and trade increased 6.9% (y/y) and 0.6% (m/m) against consensus of 6.6% and 0.6%, respectively; again, these were down from the prior month.  Equity futures remained in negative area and the treasury yields are lower across the curve.  Investor’s primary concern is that an aggressive central bank actions may precipitate economic slowdown.  Initial jobless claims from last week were 203k compared to 190k estimates.  International markets are lower following US markets.