U.S. stock index futures extend gains as PCE data roughly meets expectations

Odaily Planet Daily News According to MSX.COM data, U.S. stock index futures extended gains as PCE data roughly met expectations, boosting market hopes that the Federal Reserve will not be overly hawkish. The U.S. Commerce Department reported that the PCE rose 0.4% month-on-month in May, while economists polled by Reuters had expected a 0.5% increase. The year-on-year increase was 4.1%, in line with expectations. Core PCE rose 0.3% month-on-month, meeting expectations, with a year-on-year increase of 3.4%.