Stocks Edge Higher, Tesla, Twitter, Retail Trading And Gas Prices In Focus – TheStreet

Here are five things you must know for Thursday, June 9:1. — Stock Futures Cautiously Higher As Inflation Grips MarketsU.S. equity futures edged cautiously higher Thursday as investors picked through a mixed set of headlines from China and eyed a key interest rate decision from the European Central Bank ahead of tomorrow’s crucial inflation reading. A big rebound in China exports, which soared nearly 17% from last year in the month of May as factories roared back to life following the easing of Covid restrictions, was tempered by news that Shanghai is looking to resume lockdowns in the country’s biggest city following the identification of new Covid infections. The news trimmed gains for both regional and European stocks, where investors are awaiting a major policy decision from President Christine Lagarde. No changes are expected in the ECB’s suite of record low interest rates, but traders are betting that its long-running quantitative easing program will come to an end, and rates hikes will be clearly forecasted for the end of summer as the region looks to tame record high inflation while gently protecting its modest growth prospects.  The region-wide Stoxx 600 was marked 1.03% lower in early Frankfurt trading, following on form a…
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