Stock futures edge lower ahead of inflation data

REUTERS: U.S. stocks were on course to open lower on Monday after hitting another closing high in the previous session, as investors awaited inflation data and a fresh batch of earnings.

An inflation report from the Commerce Department is expected to show personal consumption expenditures price index for March to have risen 0.7per cent from 0.1per cent in February. The report is due at 8:30 a.m. ET. Also weighing on sentiment was data from the Euro Zone that showed economic sentiment dipped for the 10th consecutive month to its lowest level in more than two years in April.As trade talks enter their last leg, U.S. negotiators head to China on Tuesday to try to hammer out details to end the protracted trade spat between the two countries.

The S&P 500 index is just 0.04per cent shy of its all-time high of 2940.91 points hit in September, after rallying 17 percent this year largely on the back of a more dovish Fed and hopes of a U.S.-China trade resolution.

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