U.S. stock-index futures pared losses as data showed the cost of living declined by the most in six years amid a plunge in energy costs, increasing speculation the Federal Reserve will remain patient in its plans to raise interest rates.

Global markets:

Nikkei 16,864.16 -244.54 -1.43%

Hang Seng 24,103.52 -247.39 -1.02%

Shanghai Composite 3,377.43 +40.98 +1.23%

FTSE 6,503.25 +4.47 +0.07%

CAC 4,326.73 +3.53 +0.08%

DAX 10,026.43 -6.18 -0.06%

Crude oil $47.00 (+1.26%)

Gold $1265.60 (+0.06%)