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The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was largely flat at 4.682%.
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The IEA expects oil demand to fall by 1.6 million barrels a day in 2026 as high fuel prices and Strait of Hormuz disruptions weigh on consumption.
The US Bureau of Labor Statistics (BLS) will publish the July Consumer Price Index (CPI) data on Wednesday. The report is expected to show a small decline in consumer inflation and core inflation.
The president, however, insisted that the smaller plane he flew on board while returning from the NATO summit in Turkey was at “greater risk” than the decoy Air Force One.
Tata Sons Chairman Resignation Live Updates: Natarajan Chandrasekaran's resignation comes ahead of Tata Sons' annual general meeting on August 18.
Dow Jones futures are steady around 53,890 during European hours on Wednesday. Meanwhile, S&P 500 futures gain by 0.18% to trade around 7,760 and Nasdaq 100 futures rise 0.48%, trading near 29,770.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retains a positive bias for the third straight day on Wednesday, though it lacks bullish conviction.