Wall Street is set to open slightly higher on Tuesday in response to the sharper-than-expected slowdown in producer prices, and despite the downward revision of retailer Home Depot's targets.

Half an hour before the opening, futures on the main New York indices are up by between 0.3% and 0.9%, heralding a green start to the session.

The Labor Department reported this morning that producer prices (PPI) rose by just 0.1% in July compared with the previous month.

Expressed as an annual variation, the rise in producer prices even slowed by 0.5 points to 2.2% in unadjusted data.

This clear deceleration - which testifies to better control of inflationary pressures - is a note of hope for the US economy after many years of price tensions.

Above all, this figure validates the scenario of an easing in the Federal Reserve's monetary policy, which 55% of traders expect to reach 50 basis points next month, according to FedWatch.

Nevertheless, US equity markets remain generally perplexed, as they have been for almost a month, with investors judging that these figures do not justify a real rebound until they know more about the strength of the US economy, which has been showing signs of running out of steam in recent weeks.

Many strategists are now saying that the markets are tired, after a year-to-date gain of over 12% for the S&P 500, and no one seems to really want to get involved in this environment.

In a sign of the current cautiousness, the world's number one DIY store Home Depot lowered its annual forecasts on the occasion of the publication of its quarterly results.

Rising interest rates and heightened macroeconomic uncertainty have put broader pressure on consumer demand, resulting in lower spending on home improvement projects', justified the home improvement specialist.

Starbucks climbed over 14% in pre-market trading after terminating Laxman Narasimhan, its CEO for just over a year and a half, with immediate effect, and replacing him with Brian Niccol, the current boss of Chipotle.

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