Dow Jones futures moves little ahead of US PPI inflation

• Dow Jones futures remain steady as traders adopt caution ahead of the US Producer Price Index data.
• US PPI is forecast to increase 0.3% MoM, with Core PPI likewise projected to climb 0.3% in August.
• US equities advanced in Tuesday's session, as traders grew increasingly confident that the Fed would cut rates in September.

Dow Jones futures are steady, edging down 0.04% to trade around 45,700 during European hours on Wednesday, ahead of the United States (US) market open. However, the S&P 500 futures advance 0.20% to trade near 6,550, while Nasdaq 100 futures climb 0.28% to trade near 23,950.

US stock futures show mixed performance as traders adopt caution ahead of the August US Producer Price Index (PPI) data that could shape the Federal Reserve's (Fed) policy outlook. US PPI is expected to rise 0.3% month-on-month, a sharp slowdown from the 0.9% gain in July. Core PPI is also projected to advance 0.3%, following a 0.9% surge prior. The annual headline producer inflation is forecast to hold steady at 3.3%, while Core producer inflation is expected to ease slightly to 3.5% from the previous 3.7% reading.

US stock markets gained ground on Tuesday's regular session, as traders firmly expect a rate cut by the US Federal Reserve (Fed) in September, driven by the disappointing revised US job growth figures. The Dow Jones rose 0.43% and the S&P 500 advanced 0.27%, while the Nasdaq Composite added 0.37% to mark fresh record highs.

Oracle shares jumped 26% in Tuesday's after-hours trading, following a report that multicloud database revenue from Amazon, Google, and Microsoft soared 1,529% last quarter, driven by surging demand for AI servers. The rally also lifted other AI-related stocks, with Nvidia gaining 1.46%, per CNBC.