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US stock futures higher after inflation, spending data

U.S. stock-index futures pointed to a slightly higher open on Wall Street on Monday, after the release of spending and inflation data.

Personal spending for July rose 0.3 percent, in line with expectations, while the personal consumption expenditures (PCE) price index rose 0.1 percent.

No major U.S. companies are due to report earnings on Monday.

The U.S. dollar index against a basket of currencies edged higher on Monday, building on Friday's gains, which followed a speech from Fed chair Janet Yellen that was seen as opening the door on an interest-rate hike in September.

The next major data peg for the Fed will be non-farm payrolls employment report for August on Friday.


Yellen's comments and falling crude futures helped push European indexes lower early on Monday. The London Stock Exchange was shut for a public holiday.

Asian bourses were also subdued after Yellen's comments. The exception was Japanese shares, which were boosted by the weak yen.

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