Citigroup (CN) Chief Financial Officer: Citi has begun to tighten credit card underwriting, close inactive credit card accounts, and reduce the limits of unused credit cards.

Bank of America cited EPFR data as saying that as of Wednesday, U.S. large-cap stocks attracted $3.3 billion in inflows, marking the 12th consecutive week of inflows; technology stocks attracted $1.9 billion in inflows.

Investment-grade bonds attracted $5.2 billion in inflows in the week ended Wednesday, marking the 37th consecutive week of inflows, Bank of America said, citing EPFR data.

Bank of America cited EPFR data as saying that in the week ending Wednesday, cash markets saw inflows of $35 billion, bonds saw inflows of $12.4 billion, equities saw inflows of $10.2 billion, and cryptocurrencies saw inflows of $1 billion.

Jefferies Group: Raised the target price for Bilibili (BILI.O) from US$15.8 to US$19.6.

Belarus raised the bank reserve requirement ratio to 20% from August.

Citigroup (CN) Chief Financial Officer: Full-year expenses will be at the higher end of the guidance range.

Citigroup (CN) Chief Financial Officer: Will invest any necessary funds in regulatory transformation efforts.

Citigroup (CN) Chief Financial Officer: Consumer payment rates are starting to decline and savings are gradually decreasing.

Citigroup (CN) Chief Financial Officer: Due to rising inflation and interest rates, customers have become more cautious in their spending.

Citigroup (CN) Chief Financial Officer: Credit card spending grew 3%, mainly from consumers with higher credit scores.

Citigroup (CN) Chief Financial Officer: We do see continued growth momentum in U.S. personal banking, branded credit cards and retail services.

Citigroup (CN) Chief Financial Officer: Seeing signs of stabilization in loan delinquencies.

U.S. Treasury yields moved higher, with the 2-year yield rising 1.8 basis points to 4.525%.

S&P 500 and Nasdaq 100 futures fell to pre-market lows following the PPI data.

The U.S. core PPI month-on-month rate in June was 0.4%, in line with expectations of 0.20% and the previous value of 0.00%.

JPMorgan Chase (JPM.N) CFO: "A bit cautious" about investment bank outlook. The U.S. economy appears to be heading for a soft landing.