Stock futures are showing slight gains as traders prepare for the imminent release of the Personal Consumption Expenditures (PCE) inflation data, a key indicator closely monitored by the Federal Reserve. Expectations suggest that inflation will remain above the Fed’s target, with analysts predicting an increase of around 0.3% month-over-month. The bond market is also looking for guidance from this data, particularly in light of recent shifts that could lead to a steeper yield curve. European shares are expected to open weakly, aligning with the cautious sentiment in the U.S. markets. Investors are bracing for potential volatility, as the PCE report may reveal stubborn price pressures, which could impact both stocks and bonds. Recent forecasts from Morgan Stanley suggest a hotter core PCE print, adding to concerns that may discourage investor confidence ahead of the weekend.