Stock futures were up Friday while oil edged lower as investors remained
cautious ahead of key U.S. consumer-price inflation data.
U.S. government bond yields were also retreating after threatening to breach 5% late Thursday.
August's consumer price index is set to be released at 8:30 a.m .EST and it's the last inflation report before the Federal Reserve's meeting next week. Analysts forecast headline annual CPI at 3.4% on year, unmoved from July.
"A reading close to or below expectations could pull [10-year] Treasury yields away from 5%, reduce pressure for an immediate rate increase and allow U.S. and European equity futures to extend their early stabilization," GivTrade said.
