S&P 500, Nasdaq, Bitcoin, and Ethereum Rise Despite CPI Rise

• US futures rise as much as 0,7% ahead of CPI
• Core inflation at 3,1% keeps Fed cautious
• Bitcoin and Ethereum appreciate with market optimism

Awaiting US inflation data, stock futures markets rose on Tuesday, with investors paying close attention to the impact on cryptocurrencies. Dow Jones futures rose 0,6%, while S&P 500 futures, at 6.409,00 points, and the Nasdaq 100, rose about 0,7%. The possibility of a Federal Reserve rate cut in September remains priced in at approximately 90%.

The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) in July rose 2,7% year-over-year, repeating June's result and slightly below projections of 2,8%. Core inflation, which excludes energy and food, rose 3,1% year-over-year—the largest increase in six months—driven by rising housing, healthcare, and transportation costs. These data are keeping the Fed's attention, which may reconsider the timing of interest rate cuts, even with optimistic market expectations.

The US president has appointed EJ Antoni as the new head of the BLS following the resignation of Erika McEntarfer. Antoni, chief economist at the Heritage Foundation, is still awaiting Senate confirmation. The change comes amid questions about the independence of the agency's economic data.

In the corporate market, Intel shares rose more than 2% in premarket trading after CEO Lip-Bu Tan met with the president and government officials. The meeting was described as "very interesting," with praise for the company's growth trajectory.

On the international stage, China instructed local companies not to use Nvidia H20 chips, while the US granted a new 90-day truce on punitive tariffs on Chinese imports, seeking progress in trade negotiations.

In the cryptocurrency market today, Bitcoin was trading at $119.106, up slightly on the day, while Ethereum rose nearly 5% to $4.391,94. The total market value of crypto assets remains above $4 trillion.