🇺🇸 WHAT TO WATCH TODAY — U.S. MARKETS 8:15 AM ET — 🇪🇺 ECB Rate Decision 8:30 AM ET — 🇺🇸 PPI + Jobless Claims 8:45 AM ET — 🇪🇺 Lagarde Press Conference 10:00 AM ET — 🏠 Existing Home Sales 10:30 AM ET — 🔥 EIA Natural Gas Storage 12:00 PM ET — 🛢️ EIA Oil Inventories 1:00 PM ET — 🇺🇸 30-Year Treasury Auction 4:30 PM ET — 🏦 Fed Balance Sheet After Close — 💻 Oracle + Adobe Earnings ⸻ 🔥 PPI — KEY EVENT August producer inflation takes center stage ahead of Friday’s CPI and next week’s Fed decision. A hot print could push Treasury yields and the dollar higher, while weighing on equities. 🇪🇺 ECB + LAGARDE The ECB is expected to raise rates by 25 bps. The bigger focus will be Lagarde’s guidance on inflation and whether further hikes are coming, especially with oil above $100. 🇺🇸 JOBLESS CLAIMS Claims are expected around 205K vs. 206K previously. A major surprise could shift the Fed outlook, although PPI will likely dominate the initial market reaction. 🏠 EXISTING HOME SALES August sales are expected around 3.98M vs. 4.06M previously. Watch for signs that elevated mortgage rates are putting further pressure on housing demand. 🛢️ OIL INVENTORIES Crude inventories will be closely watched with Brent above $100 amid escalating Middle East tensions. Oil remains a major input into the market’s inflation outlook. 🇺🇸 30-YEAR TREASURY AUCTION A major test for demand at the long end after the recent global bond selloff. The Treasury is set to sell $22 billion of 30-year bonds. Weak demand could put renewed upward pressure on yields. 💻 ORACLE + ADOBE Both report after the close. Oracle will be closely watched for AI infrastructure and cloud demand, while Adobe provides another read on AI monetization and enterprise software spending. 🎯 MAIN FOCUS: PPI → ECB/LAGARDE → 30Y AUCTION → OIL → ORCL/ADBE