US shares fall after the heat inflation report; PPI rose 0.9% in July

US stocks fall on Thursday after the price of a hotter producer

At 09:35 ET (14:35 GMT), fell 110 points, or 0.3%, down 15 points, or 0.2%, and traded 28 points, or 0.1%, lower.
PPI jumped in July

Data released earlier Thursday shows that the price of US producers rises at a faster rate than awaited in July.

The final demand increased by 0.9% every month in July, speeding up after it did not change in June. In twelve months to July, reaching 3.3%, speeding up from 2.4%.

Economists have estimated the reading of 0.2% and 2.5% respectively.

This release came as something surprising, especially after moderate growth in July, in the possible sign that the tariff that sweeping us puts upward pressure on inflation.

Federal Reserve is widely expected to cut interest rates in September, with US Finance Minister Scott Besent said that the cutting of half -points that is more aggressive by The Fed has the potential on the table because some to uphill the revision down for work growth in June and May.

This PPI release will provide more food to think about on Fed.

Elsewhere, the number of Americans who fell last week amid low layoffs, down 3,000 to 224,000 which were adjusted seasonally for the week ended August 9.

Cisco Falls After Q1 Results
In the company sector, agricultural equipment maker shares fell after the agricultural machine giant narrowed a full year profit guide amid the ongoing market challenges.

Stocks fall after the mode group launches the estimated income for the current fiscal year that the Underwhelmed Wall Street expectations.

Birkenstock (Nyse: Birk) gained after the iconic German shoe maker reported a better anticipated profit in the third quarter of fiscal and supported a full year view, despite the impact of US tariff increases in the European Union.
Elsewhere, shares fell after the network equipment group announced the prospects for the first quarter revenue that was stronger than the awaited, but recorded some of the impacts of the US tariff that had sweeping during the fiscal year that had just ended.

Oil climbing ahead of the Trump/Putin meeting
Oil prices rose higher, bouncing from the weaknesses of the previous session before the Friday meeting between Trump and Russian President Vladimir Putin.

At 09:35 ET, up 1.3% to $ 66.51 per barrel, and US West Texas, Mahawi was expensive to rise 1.4% to $ 63.56 per barrel.

The two contracts reached the lowest in two months on Wednesday after official data showed us in the United States unexpectedly rose by 3 million barrels, creating concerns over requests at the largest consumer in the world during the important summer driving season ended.

However, traders also focused on meetings in Alaska between the two presidents to discuss the end of the war in Ukraine which had been raging since February 2022 and disrupted the oil market.
Source: Investting.com