The June Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) was announced at 8:30am ET.
- Services and metals are factors in June’s producer price report where all three headline indexes — overall, less food & energy, less food & energy & trade services — rose 0.3 percent.
In addition, U.S. Department of Commerce releases the May Wholesale Trade report at 10:00am ET.
- A 0.5 percent increase is the expectation based on the advance report posted late last month.
Stock futures were sharply lower this morning on the news that the U.S. is preparing a new round of China trade sanctions worth $200 billion.