U.S. stock futures moved higher in early European trading as investors weighed signs of easing U.S. inflation and looked ahead to producer price index, or PPI (a measure of wholesale inflation), data due later Thursday. The market mood suggested traders were considering whether softer price pressures could allow the Federal Reserve to leave interest rates on hold. In commodities, oil prices fell even as the U.S. and Iran appeared stuck over any plan to reopen the Strait of Hormuz or begin peace talks. President Trump said the Strait of Hormuz is open and that the U.S. controls it, but traffic through the key shipping route remained subdued.