(Bloomberg) — European and US stock futures fell on speculation investors are trimming positions before the release of a US inflation gauge that may help shape the outlook for Federal Reserve policy.
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Shares in Asia slipped after China announced new curbs on online gaming, pummeling some of the region’s largest technology shares including Tencent Holdings Ltd. and NetEase Inc. Oil extended its biggest weekly gain in two months as shippers avoided the Red Sea amid increased attacks, while Angola’s exit from OPEC after 16 years put the spotlight on the group’s unity.
The US core personal consumption expenditures price index probably fell to 3.3% in November from 3.5% the previous month, according to a Bloomberg survey of economists before the numbers are released later Friday.
“The focus today is on core PCE tonight and one should be mindful of the…
