Inflation Data and Policy Minutes in Focus as Traders Await September CPI Report

Traders are watching for September's consumer prices report today, after Fed minutes showed policymakers want to see inflation abating before slowing rate hikes.

Headline CPI is expected to show inflation eased marginally in September, to 8.1% annually. Core CPI is seen slowing to 6.5%.

Higher energy prices from the Israel-Palestine conflict could affect the inflation outlook, though the market impact so far is limited.

ECB minutes today may reinforce expectations this was its last big rate hike, with policy now seen as appropriately tight.

U.S. stocks futures point higher after the dollar's six-day losing streak, while European equities trade mostly higher.