Analyst Chris Anstey: It is worth noting that the annual CPI inflation rate has now fallen below 3%. This is the lowest level since inflation first ignited in the spring of 2021.

Russell 2000 futures rose 1.5%.

U.S. S&P 500 and Nasdaq 100 futures rose to pre-market highs following the release of the CPI data.

The U.S. unadjusted annual housing inflation rate was 5.1% in July, compared with 5.2% in the previous month.

The annual inflation rate for used cars and trucks in the United States in July was -10.9%, compared with -10.1% in the previous month.

The U.S. unadjusted new car inflation rate in July was -1% year-on-year, compared with -0.9% in the previous month.

The U.S. unadjusted energy inflation rate was 1.1% in July, compared with 1% in the previous month.

The U.S. unadjusted food inflation rate was 2.2% year-on-year in July, the same as the previous month.

Morgan Stanley: We have raised our TTF price forecasts but still see risks to a downward slope in the forward curve, especially in 2025.

Morgan Stanley: Dutch TTF natural gas prices are expected to be $11.5 per million British thermal units in the third quarter of 2024 and $12.5 per million British thermal units in the fourth quarter.

BHP Billiton will hold a new round of negotiations with striking copper miners in Chile.

The Baltic Dry Index rose 3.47% to 1,728 points.

US envoy Amos Hochstein: Ceasefire talks between Israel and Hamas will begin in Doha on Thursday and will last for several days.

Russian Ministry of Defense: Russian military personnel captured servicemen of the 80th and 82nd Airborne Assault Brigades of the Ukrainian Armed Forces in the Kursk region.

The U.S. MBA 30-year fixed mortgage rate was 6.54% in the week ending August 9, compared with 6.55% in the previous week.

Ukrainian President Zelensky: Ukraine will work with its allies to strengthen its military power in the eastern region.