US equity futures are firmer with the S&P 500 up modestly. Asia ended mostly higher, and European markets are stronger. Fed rate cut expectations remain elevated despite hotter-than-expected July PPI, with markets still pricing a high probability of a September cut; China’s latest activity data showed broad deterioration in industrial production, fixed asset investment, and retail sales, with the property downturn deepening; Japan’s Q2 GDP growth rebounded more than expected, helped by capex, external demand, and consumption; White House adviser Navarro said pharma tariffs are likely to be covered by "Section 232"; Attention turns to the Trump-Putin summit, with markets watching for geopolitical developments.

Companies Mentioned: Accenture, Millicom International Cellular, Hims & Hers Health