Friday, May 11, 2007

US STOCKS-Futures jump as core PPI stays flat

(Reuters) - NEW YORK, May 11 - U.S. stock index futures rose on Friday, suggesting Wall Street will rebound from Thursday's drop, after core producer prices data pointed to moderating inflation.

Higher fuel costs nudged producer prices up 0.7 percent last month, but stripping out food and energy, wholesale prices were unchanged, the Labor Department said. Analysts had expected so-called "core" producer prices to rise 0.2 percent.


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