US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened mixed, following mostly higher Asian markets. Mixed takeaways from US CPI data. Core inflation hotter but not enough to sway expectations of Fed pause in September. Some believe inflation is high enough to indicate possibility of November or December rate hike, while strategists downplay likelihood of further rate hikes. Focus today also turns to ECB and BoE rate decisions.

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