Market Rallies as Inflation Cools and BOJ Eyes Hike.

Stock futures are trending higher today as financial markets respond to a significant cooldown in inflation data and a busy slate of central bank activity. Nasdaq futures lead the pack with a 1.4% gain, while S&P 500 and Dow futures also show positive momentum. The November CPI report provided a major tailwind, with headline inflation rising 2.7% year-over-year, coming in well below the 3.1% forecast. Core CPI also surprised to the downside at 2.6%. Stock futures are up-led by a 1.4% Nasdaq gain-after November CPI cooled more than expected (2.7% vs. 3.1% forecast). While the BoE and ECB held rates steady, markets now await an anticipated rate hike from the Bank of Japan. Oil rose on geopolitical shifts in Venezuela, while gold dipped. Investors are now shifting focus to Nike and FedEx earnings today, followed by tomorrow's U.S. PCE inflation data.