Market

Premarket Surge in US Stocks Ahead of Crucial January Inflation Report

Wall Street Gains in Premarket Trading

Wall Street experienced gains in the premarket on Friday, with investors and the Federal Reserve eagerly anticipating the January PCE inflation report. Analysts predict a slight decrease in the index from December's 2.6%, offering some respite to Fed officials concerned about the slow disinflationary process.

Key Meetings and Economic Indicators

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 will focus on the ongoing conflict with Russia and the minerals deal currently being negotiated between the US and Ukraine.

Market Performance

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