Commodities are one of the main inputs in our inflation model. They give us just about the best real-time measure of inflation and where broad prices are headed.

Michigan is down in July, while business unit costs are up slightly.

The headline number was expected to improve rising from last month's contractionary reading of -15.1 up to -14.2. Instead, it fell deeper into contraction at -17.5.

The USD/JPY pair trades on a weaker note near 153.90 during the early Asian session on Tuesday.

JPMorgan analyst says Eli Lilly will remain a leader in weight loss drugs.

Wells Fargo says Q2 presents another opportunity to drive positive sentiment.