Anticipation Builds for January PCE Inflation Report

Wall Street showed positive movement in the premarket this Friday, with investors and the Federal Reserve keenly awaiting the January PCE inflation report. Analysts predict a slight decrease from December's 2.6%, offering potential relief to Fed officials concerned about the slow disinflationary process.

Key Political Meetings

Later in the day, a significant meeting is scheduled between United States President Donald Trump and Ukrainian President Volodymyr Zelensky at the White House. Discussions are expected to cover the ongoing conflict with Russia and a pivotal minerals deal currently under negotiation between the US and Kiev.

Market Movements

By 4:23 am ET, the Dow Jones had risen by 0.23%, the Nasdaq 100 by 0.36%, and the S&P 500 by 0.34%. Meanwhile, the euro remained stable against the dollar, trading at 1.04026 at the same time.