Global news you need to know before the U.S. stock market opens on Wednesday

In June, the U.S. PPI rose 2.3% year-on-year and remained flat month-on-month, with all previous values revised upward. Inflation for goods such as food and fuel has resurfaced, and the UK's CPI unexpectedly surged in June. Under the threat of a 30% tariff, the EU is considering using "anti-coercion tools" to respond to Trump. Bank of America’s net interest income in Q2 grew by 7%, slightly better than expected, with trading business increasing for 13 consecutive quarters, while investment banking remains weak. Goldman Sachs reported Q2 stock trading revenue of $4.3 billion, a record high, with a recovery in investment banking driving a 22% year-on-year increase in net profit. Morgan Stanley's Q2 net revenue grew by 12% year-on-year, with strong growth in wealth management and trading revenue, while investment banking remains under pressure. ASML's Q2 order amount of €5.54 billion exceeded expectations, growing 41% quarter-on-quarter, but management warned that growth may not be achievable by 2026. Jensen Huang: The company has a large number of H20 orders waiting to be shipped and expects to obtain export licenses soon. Tesla's large six-seat Model Y L will be launched and delivered this fall, with a price around 400,000 yuan. Jewelry demand remains strong, with Richemont's Q1 sales climbing. The supply-demand pattern is tight, and Citigroup is bullish on silver, reiterating that gold prices may have peaked. The Nikkei 225 index closed down 0.04%; the Shanghai Composite Index closed down 0.03%; the Hang Seng Index closed down 0.29%