US wholesale inflation was muted in June, signaling that price pressures might not be building for producers and manufacturers.

USD/JPY and AUD/USD move on trade talk progress, US PPI data, and Aussie housing trends. Policy paths in Japan, US, and Australia remain in sharp focus.

U.S. stock index futures moved higher on Wednesday after cooler-than-expected producer prices data for June reinforced expectations that the Federal Reserve could cut interest rates later this year.

The market remained cautious, however, as rising Saudi Arabian production and persistent concerns over global trade tensions tempered the upward momentum.

In addition to ongoing US trade tariff developments, the key macroeconomic print to watch this week will be the June US CPI inflation data (Consumer Price Index).

ETAuto.com brings latest oil prices rise news, views and updates from all top sources for the Indian Auto industry.

The price of tomatoes are expected to go up after a nearly 30-year trade agreement with the U.S. and Mexico is being replaced by a new 20.9% tariff issued by President Donald Trump. Price increases could be seen in produce departments at grocery stores,

American consumers could see a price hike and some restaurant owners may face shutting down, as a nearly three-decade-old US-Mexico trade agreement may give way to 20.9% tariffs on most Mexican tomato imports on July 14.