Good news for Indian investors and markets as US stocks trade higher, supported by a softer US inflation reading and gains in technology stocks. Howev…
1/6US Markets | The S&P 500 rose 0.2% on Wednesday, supported by a tame US inflation report and gains in technology stocks, particularly artificial intelligence plays CoreWeave and Super Micro Computer. The Nasdaq Composite advanced 0.5%, while the Dow Jones Industrial Average traded near the flatline.
2/6US inflation | US inflation declined slightly last month as the cost of gas and groceries slipped, though prices are still rising more quickly than before the Iran war, posing challenges for the White House as the midterm elections near. Consumer prices increased 3.4% in July from a year ago, down slightly from 3.5% in June, the Labour Department said Wednesday. Inflation had fallen to 2.4% before the Iran war. On a monthly basis, prices rose just 0.1% from June to July.
3/6US Producer Price Index | The United States will release Producer Price Index (PPI) month-on-month data for July 2026 at 6:00 PM IST on Thursday, August 13. The PPI fell 0.3% month-on-month in June, following a 0.3% rise in May.
4/6First Quarter Results | Tata Motors Passenger Vehicles Limited, Max Financial Services Limited, Page Industries Limited, and Jubilant FoodWorks Limited are among the companies scheduled to announce their Q1 FY27 results on Thursday.
5/6Global Earnings | Antofagasta PLC, RWE AG (10:30 AM IST), A.P. Moller – Maersk (11:30 AM IST), Adyen N.V., Hapag-Lloyd AG (11:00 AM IST), Pandora A/S, Thyssenkrupp AG (10:30 AM IST), JD.com, Tapestry, Applied Materials, Inc., Origin Energy, ASX, Telstra, Transurban, Treasury Wine Estates, CapitaLand Investment, Sembcorp Industries, ST Engineering, StarHub, City Developments, Hua Hong Grace, Lenovo, MTR, Samsonite and SMIC are scheduled to report earnings tomorrow.
6/6India CPI | India’s retail inflation edged higher in July, with food prices once again emerging as the bigger pressure point. CPI inflation rose to 4.45% from 4.38% in June, largely in-line with the 4.4% CNBC-TV18 poll estimate. The bigger surprise came from food inflation, which accelerated to 5.52% from 5.32% in June, also well above the CNBC-TV18 poll of 5.02%. The pickup in food prices meant the overall inflation print came in slightly hotter than expected.
