Stock Market Optimism Grows as Dow Futures Rise and Arm's Performance is Monitored

Stock futures indicate modest gains as investors react positively to a CPI report showing a slight increase in inflation, suggesting the Federal Reserve may maintain interest rates. Today's data releases include the Producer Price Index, jobless claims, and retail sales figures. The European Central Bank's decision on interest rates is awaited, while Arm's IPO on the Nasdaq is seen as a crucial test for the market and artificial intelligence hype. U.S. government bond yields rose, Brent crude oil futures remained near a 10-month high, and Asian stocks mostly advanced.