- U.S. stock futures edged higher ahead of the July Consumer Price Index report while oil prices climbed due to Middle East tensions and supply disruption concerns.
- Major U.S. stock indexes had previously fallen for a second consecutive day, and the benchmark U.S. 10-year Treasury yield rose to 4.68%.
- Headline inflation was expected to rise 0.1% from June with a yearly rate of 3.4%, remaining above the Federal Reserve's 2% target.