U.S. stock index futures extended gains as PCE data largely met expectations

Odaily Planet Daily News: According to MSX.COM data, U.S. stock index futures extended gains as PCE data largely met expectations, reinforcing hopes that the Federal Reserve will not be overly hawkish. The U.S. Commerce Department report showed that the PCE rose 0.4% month-on-month in May, while economists surveyed 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, in line with expectations, with a year-on-year increase of 3.4%.