S&P futures are indicating a higher open, +0.08% as the market awaits for tomorrow's CPI data. Sentiments are improving, after Fed Chair Powell's remarks kept the possibility of a September rate cut in play. The primary macro story today is China's June CPI inflation, which unexpectedly softened amid weak domestic demand. China's CPI inflation rose by +0.2% y/y in June, below the consensus of +0.4%, driven mainly by falling food prices, especially fresh fruits and vegetables. Core inflation remained steady at +0.6%. The PPI fell by (0.8%) y/y, in line with expectations, showing easing declines in upstream prices.
Companies mentioned: RTX (NYSE:RTX) Corp, Eversource Energy, MarineMax (NYSE:HZO), OpenAI, Microsoft (NASDAQ:MSFT)