S&P futures are indicating a higher open today, up +0.61%. Asian equities were under pressure, with Hong Kong recording the greatest losses in the region. European equities are broadly firmer in early trades. In today's highlight, China's August consumer inflation rose by 0.6% y/y, slightly below the expected 0.7%. Food prices, particularly fresh vegetables and pork, significantly contributed to the rise. Notable declines were in airfares and hotel prices. YTD inflation remains at 0.2%, below the government's 3% target. Core inflation fell to 0.3%, its lowest in nearly 3.5 years. PPI declined by 1.8% y/y, marking the steepest drop since April and the 23rd consecutive month of deflation, due to weak demand and falling global commodity prices.
Companies Mentioned: Vista Outdoor, Alphabet (NASDAQ:GOOGL), Arm Holdings (NASDAQ:ARM), News Corp (NASDAQ:NWSA), Tesla (NASDAQ:TSLA)