US futures are indicating a higher open as of 04:05 ET. European equity markets have opened mixed, following a largely disappointing performance in Asia. Markets are taking lead from weakness in China with no change in broader themes. Latest US data has little bearing on Fed policy outlook, as July CPI underpinned disinflation narrative, though firmer-than-expected PPI cited as an overhang for the stock market.

Companies Mentioned: United States Steel, Cleveland-Cliffs, SoftBank, Arrival, Country Garden