US stock futures rise ahead of PCE inflation data and Micron earnings
US stock futures rose Wednesday as investors awaited Micron Technology's earnings and the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures price index. Economists forecast a 0.3% monthly increase, bringing the annual rate to 3.7%. CME Group's FedWatch tool showed a 49% probability of a quarter-point interest rate hike next month, down from 71% on Monday. European markets gained broadly, led by basic resources, while Asia-Pacific stocks closed higher after China's manufacturing activity returned to growth in September. Oil prices held steady after Donald Trump denied plans to ease sanctions on Iran, with Brent heading for a monthly gain of about 14%. Bitcoin fell 0.50% to $83,125.70.