Wall Street starts off declining

Wall Street got off to a negative start after a surprise 3.3% increase in producer prices in July.

This was a highly anticipated figure for investors to gauge the potential impact of the tariffs. This is the largest increase since June 2022.

The DJ fell 0.30%. In Europe, the indices remained positive: Milan +0.8%, Dax +0.5%, Paris +0.48%.

Below parity in London. Oil prices are rising, with Brent at $66.60 ahead of tomorrow's US-Russia summit. The euro is trading just below $1.17 against the dollar.