- US President Joe Biden dropped the ball in what several media outlets deemed as the make-or-break moment for the President. Unfortunately, President Biden dropped the ball yet again by calling Vice President Trump to his Vice President Camilla Harris and mixing up Ukraine President Volodymyr Zelensky with Russian President Vladimir Putin. It was painful to watch them shaking hands just after President Biden made the mistake.
- At 12:30 GMT, June’s Producer Price Index (PPI) numbers will come out:
- Monthly headline PPI is expected to tick up to 0.1% from -0.2%.
- Monthly core PPI should also tick up to 0.2% from 0.0%.
- Annual headline PPI is expected to increase marginally to 2.3% from 2.2%.
- Annual core CPI is expected to grow by 2.5% from 2.3%.
- At 14:00 GMT, the University of Michigan will release its preliminary reading for July:
- Consumer Sentiment is expected to tick up to 68.5 from 68.2.
- 5-year consumer inflation expectations are expected to remain at 3%.
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