US EQUITY OPEN: Indices in the green, albeit contained, in thin trade

OPEN: US indices opened in the green and comes after headline PPI came in cooler than expected, while core was in line. Aside from that, and comments from Fed's Hammack and Barkin, newsflow has been very quiet on Thursday in typical summer trading conditions. Sectors are largely firmer as Communication sits atop of the pile, with Energy and Materials the only ones in the red. WTI and Brent are lower by c. USD 2/bbl, while Treasuries see gains across the curve but precious metals trade. In FX, the Dollar is largely flat against G10 peers, as Antipodeans are the relative laggards, although losses are minimal. Ahead, US 30yr auction is the highlight ahead of AMAT earnings after-hours. STOCK SPECIFICS: Cisco (CSCO): Q numbers beat & issued stronger than exp. guidance; analysts note stock had already rallied sharply into earnings on optimism around its growing role in AI infrastructure. Cerebras (CBRS): Q rev. missed & GMs declined, raising concerns about scaling & customer adoption StubHub (STUB): Q2 profit miss & GMs missed. Accelerant (ARX): To be taken private by Thoma Bravo for $20.25/shr; closed Wed. at 13.61. Ford (F): To move prod. of some Lincoln models from China to US Tapestry (TPR): FY27 revenue outlook missed.