Global markets update: US stocks edge higher after producer inflation data
US stocks edged higher on Thursday, as data showed the annual increase in US producer inflation was the smallest in nearly three years. In June, the producer price index climbed 0.1%. That was the smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. The S&P 500 gained 37.73 points, or 0.84%, … Read more