Futures subdued in lead up to economic data, Powell speech
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Walt Disney up after beating Q4 earnings forecast
Tapestry gains after terminating Capri deal
JD.com's US-listed shares fall after Q3 revenue miss
Futures up: Dow 0.19%, S&P 500 0.09%, Nasdaq 0.04%
Updated at 07:10 a.m. ET/1210 GMT
By Lisa Pauline Mattackal and Purvi Agarwal
Nov 14 (Reuters) -U.S. stock index futures were little changed on Thursday as investors awaited a fresh batch of economic data and Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for the economy and monetary policy.
The producer price index (PPI) reading for October and weekly jobless claims data are expected at 8:30 a.m. ET.
"These numbers (PPI) better reflect corporate pricing power than the consumer price data, the tone should be consistent with a December rate cut," said Paul Donovan, chief economist at UBS Global Wealth Management.
Traders are broadly pricing in an 86% chance of a 25-basis point interest rate cut at the Fed's December meeting, according to the CME FedWatch tool.
Bets on a December cut increased after Wednesday's consumer price index data, which was in line with forecasts.
Powell will provide an update on his economic outlook to business leaders in Dallas, a day after some Fed policymakers shifted their attention back to inflation risks as they weighed when, and how fast and far, to cut interest rates.
Policies under President-elect Donald Trump's administration are widely expected to add to inflationary pressures.
The Republican Party will control both houses of Congress when Trump takes office in January, Edison Research projected on Wednesday, enabling him to push an agenda of slashing taxes and shrinking the federal government.
Changing inflation expectations are clearly visible in the bond market, where the U.S. 10-year Treasury yield US10YT=TWEB has ticked up to its highest since July, which could limit gains for rate-sensitive equities.
Dow E-minis 1YMcv1 were up 85 points, or 0.19%, S&P 500 E-minis EScv1 were up 5.25 points, or 0.09%, and Nasdaq 100 E-minis NQcv1 were up 9.25 points, or 0.04%.
Futures tracking the small-cap Russell 2000 RTYcv1 jumped 0.6% after the index .RUT closed down nearly 1% on Wednesday.
Shares of cryptocurrency-focused companies rose on Thursday as bitcoin BTC= continued to climb on hopes of favorable policies under Trump. Coinbase Global COIN.O gained 3.8%, miner MARA Holdings MARA.O rose 2.6% and bitcoin buyer MicroStrategy MSTR.O was up 3.4% in premarket trading.
The Dow .DJI and the S&P 500 .SPX edged higher on Wednesday, while the Nasdaq lost ground.
Walt Disney DIS.N climbed 6.5% after reporting quarterly earnings that topped Wall Street's estimates.
U.S.-listed shares of JD.com JD.O were down 2.1% after the Chinese e-commerce group missed market estimates for quarterly revenue.
Cisco CSCO.O dipped 3.3% after the computer networking equipment maker forecast annual revenue broadly in line with estimates after the bell on Wednesday.
Tapestry TPR.N gained 7.2% after the Coach parent said it was terminating its $8.5 billion deal for Michael Kors-owner Capri Holdings CPRI.N after the deal was blocked by a U.S. judge. Capri's shares fell 6%.
Remarks from Fed officials Thomas Barkin and John Williams are expected later in the day.
Annual change in US Consumer Price Index https://reut.rs/3Cnz1KP
Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru; Editing by Shounak Dasgupta
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