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Futures gain after producer prices data eases rate hike fears

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Reuters

By Bansari Mayur Kamdar (Reuters) -U.S. stock index futures rose on Thursday after weaker-than-expected producer price data eased concerns about a faster pace of interest rate hikes from the Federal Reserve, while Delta Air Lines led gains among carriers on strong earnings. The producer price index increased 0.2% last month, below the 0.4% expectation, after advancing 0.8% in November, the Labor Department said on Thursday. In the 12 months through December, the PPI surged 9.7%, below the 9.8% forecast of economists polled by Reuters, after rising 9.6% in November. “They’re high and the number…

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