India, July 16 -- Following the mixed performance seen in the previous session, stocks are likely to move mostly higher in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.
The futures moved to the upside following the release of a Labor Department report showing producer prices in the U.S. unexpectedly came in flat in the month of June.
The Labor Department said its producer price index for final demand was unchanged in June after rising by an upwardly revised 0.3 percent in May.
Economists had expected producer prices to increase by 0.2 percent compared to the 0.1 percent uptick originally reported for the previous month.
The report ...