Thursday, April 12, 2007

U.S. Stock-Index Futures Decline Before Import Prices Report

(Bloomberg) -- U.S. stock-index futures fell before a government report that will probably show import prices in March rose at the fastest pace this year, reviving concern inflation is accelerating.

``There is inflationary pressure and the market anticipates now that the Federal Reserve will not cut interest rates that quickly,'' said Juergen Lukasser, who helps manage $20 billion as head of equities at Constantia Privatbank AG in Vienna. ``There might be no rate cut at all this year.''


Read more at Bloomberg Stocks News

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