September S&P 500 E-Mini futures are up +0.17% on hopes of a Federal Reserve rate cut. Wall Street closed mixed with Tapestry and Deere & Company plunging, while Eli Lilly rose. U.S. producer price index exceeded expectations. Initial jobless claims fell. U.S. rate futures imply a 92.6% chance of a 25 basis point rate cut.

St. Louis Fed President and San Francisco Fed President express differing views on interest rate cuts. Investors await Trump-Putin meeting in Alaska. Trump warns of consequences if Putin fails to agree to a ceasefire in Ukraine. Economic data on U.S. Retail Sales, Core Retail Sales, Industrial Production, Manufacturing Production, and Consumer Sentiment Index to be released.

Euro Stoxx 50 Index rises on optimism for U.S.-Russia summit. China’s Shanghai Composite Index gains on expectations of new stimulus measures. Weak economic data from China shows declining factory activity, investment, and retail sales. Japan’s Nikkei 225 Stock Index closes higher on strong GDP growth. Pre-market U.S. stock movers include UnitedHealth Group, Intel, Salesforce, Applied Materials, and Target. U.S. earnings spotlight on Flowers Foods, So-Young, T1 Energy, and Tuniu Corp.

Read more at Yahoo Finance: S&P Futures Tick Higher With Focus on U.S. Retail Sales Data and Trump-Putin Meeting