Market Reaction to Economic Developments

United States stock futures showed little movement early Wednesday as investors digested recent economic news. The Dow Jones, Nasdaq 100, and S&P 500 all remained flat at 4:15 am ET, signaling a cautious market stance.

China's Tariff Reduction

In a significant move, China has lowered some tariffs on US goods, following a bilateral agreement to pause levies. This decision, effective from May 14, marks a positive step in trade relations between the two economic giants.

US Inflation Falls More Than Expected

The annual inflation rate in the US dropped to 2.3% in April, surpassing expectations. This development could influence the Federal Reserve's future monetary policy decisions.

Euro Gains Against the Dollar

Meanwhile, the euro appreciated by 0.58% against the dollar, trading at 1.12511 at 4:26 am ET, reflecting the dynamic nature of global currency markets.