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Wall Street Holds Steady Ahead of Major US Inflation Data, Markets Cautious

U.S. equities are poised to open marginally higher on Monday, with investors waiting for key inflation numbers later in the week. Oil prices stay elevated amid ongoing talks over the reopening of the Strait of Hormuz, keeping the market in a cautious stance. The focus will shift to the July CPI release on Wednesday and the PPI on Thursday, which could shape expectations for the Fed’s September policy meeting.

August 10th, 2026
2 min read
By boursenews.ma

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Market Overview

Wall Street is set to start the day with a near‑flat opening. Futures point to a marginal rise of 0.09% for the S&P 500, 0.30% for the Nasdaq, and a slight dip of 0.04% for the Dow Jones.

In Europe, the CAC 40 is up 0.04% at 8,718.08 points, the German DAX gains 0.45%, while the UK FTSE 100 slips 0.25%.

Key Index Movements

  • FTSEurofirst 300: +0.16%
  • EuroStoxx 50: +0.42%
  • STOXX 600: +0.14%

Geopolitical Backdrop

Negotiations over the reopening of the Strait of Hormuz continue to keep oil prices elevated. Iran’s foreign minister, Abbas Araqchi, said the Tehran‑Oman agreement is in its "final stages," but Tehran insists it will not resume talks with Washington until the U.S. respects the provisional accord signed in June.

Impact on Oil and Inflation Outlook

With no major breakthroughs in the Middle East, crude prices remain stable, easing fears of a prolonged surge that could stoke inflation and force central banks to raise rates. Market participants are therefore in a wait‑and‑see mode.

Upcoming U.S. Inflation Data

All eyes are on two critical releases this week: the July Consumer Price Index (CPI) on Wednesday and the Producer Price Index (PPI) on Thursday. UBS’s global head of investment communication, Kiran Ganesh, described the current phase as one of “assimilation and patience.”

Deutsche Bank Research warned that the July CPI could be decisive for shaping expectations ahead of the Federal Open Market Committee (FOMC) meeting in September.

Fed Rate‑Move Probabilities

Following the July jobs report, market expectations for a September rate hike have softened. The CME’s FedWatch tool now shows a 44% probability of a rate increase at the next Fed meeting.

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