U.S. stock index futures were mixed on Thursday as the Swiss central bank’s lifeline for embattled Credit Suisse did little to boost investor sentiment as they awaited economic data for clues on the outlook for U.S. interest rates.
U.S.-listed shares of Credit Suisse rose 8.8% in premarket trading after the bank secured a credit line of up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence, which had nosedived after the lender’s shares slumped on Wednesday.
Troubles at Credit Suisse, coming on the heels of the collapse of SVB Financial (SIVB.O) and peer Signature Bank (SBNY.O) have sparked fresh worries about stress in the banking sector, dwarfing relief on expectations of less aggressive moves by the Federal Reserve.
Weak retail sales figures as well as data showing a downward trend in producer inflation on Wednesday had bolstered bets of a small rate hike by the Federal Reserve at its meet concluding on March 22.
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