Dow Jones Top Markets Headlines at 9 AM ET: Inflation Soared to 3.8% in April, Driven by Gasoline Prices | Stock ...

Inflation surged to 3.8% in April, primarily due to rising gasoline prices, with energy contributing over 40% to the increase. U.S. stock futures fell, particularly the Nasdaq 100, as investors awaited inflation data. Oil prices rose amid ongoing tensions between the U.S. and Iran. Long-term U.K. borrowing costs reached a multiyear high, while U.S. small-business confidence improved slightly despite cost pressures. The Australian budget proposed economic reforms and fuel security measures. The People's Bank of China warned of imported inflation risks, and Japan reaffirmed its commitment to coordinate with the U.S. on currency markets.