European and US stock futures are trading higher on Tuesday, buoyed by comments from the US Federal Reserve about inflation and optimism in the technology sector.
By now, Euro Stoxx 50 futures are gaining 0.1% and US S&P 500 futures are advancing 0.2%. During the early morning hours in Lisbon, the Asian session was painted “green”, with Hong Kong and China both up almost 2%.
Comments from US central bank officials gave markets strength, after the officials said they expect a transitory rise in inflation rather than a lasting rise in prices.
Lael Brainard, Raphael Bostic and James Bullard said they would not be surprised to see a supply shortage that will boost prices in coming months, but that the rise should be temporary
