Wall Street futures edge higher as oil cools ahead of PPI data
📈 U.S. stock futures moved modestly higher before the open, with Dow and S&P 500 futures up around 0.2%, while Nasdaq futures were nearly flat, signaling improved but still cautious sentiment.
🛢️ Brent crude fell nearly 2% after six straight sessions of gains as the global demand outlook weakened and U.S. oil inventories increased. The pullback may ease some energy-driven inflation concerns, although risks surrounding U.S.-Iran tensions and the Strait of Hormuz remain.
🏦 Markets are now pricing in roughly a 66% chance that the Fed will keep interest rates unchanged at its next meeting, up from about 50% previously following relatively benign July CPI data.
📊 July PPI is the next key catalyst. A reading in line with or below expectations could support sentiment, while a hotter print may quickly reverse the gains in futures.
#WallStreet $USDC $CL $NATGAS
📈 U.S. stock futures moved modestly higher before the open, with Dow and S&P 500 futures up around 0.2%, while Nasdaq futures were nearly flat, signaling improved but still cautious sentiment.
🛢️ Brent crude fell nearly 2% after six straight sessions of gains as the global demand outlook weakened and U.S. oil inventories increased. The pullback may ease some energy-driven inflation concerns, although risks surrounding U.S.-Iran tensions and the Strait of Hormuz remain.
🏦 Markets are now pricing in roughly a 66% chance that the Fed will keep interest rates unchanged at its next meeting, up from about 50% previously following relatively benign July CPI data.
📊 July PPI is the next key catalyst. A reading in line with or below expectations could support sentiment, while a hotter print may quickly reverse the gains in futures.
#WallStreet $USDC $CL $NATGAS