ASX set to rise, Wall Street mixed ahead of inflation report

The S&P 500 was down 0.1 per cent and stocks in the benchmark index were roughly split between gainers and losers. The index is hovering near the all-time high it set last week.Reuters

Jeans maker Levi Strauss sank 16.6 per cent after its latest quarterly revenue results fell short of analysts’ expectations, along with its current earnings forecast for the year.Spice maker McCormick rose 4.7 per cent for one of the biggest gains in the market after beating analysts’ earnings forecasts.Treasury yields fell in the bond market. The yield on the 10-year Treasury slipped to 4.28 per cent from 4.33 per cent late Wednesday. The yield on the two-year Treasury fell to 4.

The stock market has been listless throughout the week ahead of the next influential inflation report on Friday. The government will release its latest personal consumption expenditures index, or PCE. It is the Fed’s preferred measure of inflation.

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