"Market Watch: Anticipation Builds for US CPI Revision Data"

Global markets are awaiting the release of US inflation data, which could impact the Federal Reserve's approach to fighting inflation. US stock-index futures and Europe’s Stoxx 600 edged higher, while bond traders are navigating well-received US debt sales and cautious language on rate cuts from central bank policy makers. In corporate news, PepsiCo Inc. shares slipped after a disappointing sales forecast, L’Oreal tumbled as Chinese shoppers reined in travel spending, and Tesco Plc advanced after Barclays Plc announced its acquisition of much of the supermarket chain’s banking business. The S&P 500 briefly hit 5,000 for the first time on Thursday before closing little changed, and the Japanese yen steadied after slipping against the greenback.