U.S. markets are struggling to end the week in positive territory ahead of new inflation data. The Labor Department will release the producer price index on Thursday, a day after reporting that consumer prices rose 3.4% year-over-year in July, down from 3.5% in June. Cisco fell 6% after its quarterly results despite AI-driven sales growth, while Bill Ackman’s Pershing Square revealed a significant stake in Netflix. In Asia, South Korea’s Kospi jumped 3.6% led by Samsung and SK Hynix, while Japan’s Nikkei gained 1.2%. U.S. crude fell to $81.50 per barrel and the dollar remains above 150 yen despite recent joint interventions by Washington and Tokyo.
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