LONDON (MarketWatch) -- U.S. stock futures were steady after two sessions of losses as traders will look to FedEx results and consumer price data for clues on whether a recent moderation in the speed of the economy's decline may turn to growth later in the year. September-dated S&P 500 futures fell a fifth of a point to 907.60 while Nasdaq 100 futures rose 1.5 points to 1,445.70. Futures on the Dow Jones Industrial Average fell 14 points. Disappointing sales from Best Buy and industrial production data helped drag U.S. stocks lower on Tuesday, as the Dow Jones Industrial Average retreated 107 points, the Nasdaq Composite lost 20 points and the S&P 500 fell 12 points. "The major U.S. indices closed lower (Tuesday) on concerns that an economic recovery could stall, despite better-than-expected PPI, housing starts and building permit results," said analysts from Susquehanna Financial Group. The calendar for Wednesday includes consumer prices for May at 8:30 a.m. Eastern time. Economists polled by MarketWatch expect a 0.3% rise for the CPI and a 0.1% rise for core prices. Compared with May 2008, consumer prices may drop 0.8%. UBS economists noted that inflation is a lagging indicator, typically continuing to slow even after recessions end. Current account data also is due for release and could show a shrinking deficit relative to GDP, and mortgage applications data is due at 7 a.m. The White House is due to announce its financial regulation reform plan, which will include jettisoning the Office of Thrift Supervision and making the Federal Reserve a consolidated supervisor of large institutions. Federal Reserve Chairman Ben Bernanke is due to make a speech at a financial literacy summit at 9 a.m. Eastern. Weekly energy inventories data also is due for release. Crude-oil futures were holding above $70 a barrel. The dollar was a bit weaker against rivals including the Japanese yen. Of stocks in the spotlight, FedEx (FDX 51.42, -0.48, -0.92%) , the package-delivery firm, will report results for the May-ending quarter. Earnings per share may fall 64% and analysts will be looking for the Memphis firm's view on economic activity and freight volumes to come. Adobe Systems (ADBE 28.16, -0.66, -2.29%) may dip after guiding third-quarter estimates to the low side of analyst estimates. Asian share markets finished mostly lower Wednesday as investors remained wary of the size of recent stock market gains, but the Nikkei 225 rose 0.9% in Tokyo as fresh talk about an improving economy helped rescue the market from a third day of losses. Stocks in Europe fell for the fourth session in a row, with the pan-Europe Stoxx 600 falling 1.6%.

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