CPI Report Caps Wall Street Pre-Bell; Asia Up, Europe Flat

07:16 AM EDT, 08/12/2025 (MT Newswires) -- Wall Street futures were muted pre-bell Tuesday as traders awaited the latest national inflation report and digested the waning earnings season.

In the futures, the S&P 500, the Nasdaq and the Dow Jones all hewed close to Monday's closes.

The consumer price index (CPI) for July will be issued in Washington at 8:30 am ET, sure to be parsed for clues to the inflation outlook and possible ramifications for the Federal Reserve.

Pundits expect 2.7% rise on year by the CPI, with a 3% lift on the CPI-core, that strips out certain food and energy bills.

Asian exchanges traded mostly higher overnight, with Tokyo's Nikkei 225 striking a fresh all-time record high, rising 2.2% on the China-US tariff truce announced on Monday.

European bourses tracked sideways midday on the continent.

BigBear.ai (BBAI) fell 30% pre-bell after the ai-software provider reported tempered Q2 results, and lowered guidance, late Monday.

The National Federal of Independent Business (NFIB) Small Business Optimism Index logged at 100.3 in July, up from 98.6 in June, and posting slightly above the 52-year average of 98, reported the NFIB.

Federal Reserve Richmond President Thomas Barkin and Kansas City Fed President Jeffrey Schmid speak Tuesday.

In pre-market action, bitcoin traded at $118,561, West Texas Intermediate crude oil traded higher at $64.11, and 10-year US Treasuries offered 4.28%. Spot gold traded for $3,349 an ounce.

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