US indices close lower ahead of upcoming inflation data

US stocks closed lower on Aug. 11, as investors awaited key inflation data from the United States, despite the extension of the trade truce between Washington and Beijing.

By the end of trading on Aug. 8, the Dow Jones Industrial Average fell 0.45%, losing 200 points to close at 43,975 points.

The S&P 500 inched down 0.25%, or 16 points, to close at 6,373 points, while the Nasdaq Composite dropped 0.30%, or 64 points, to 21,385.

The Stoxx Europe 600 index remained stable at 546.76 points, with mixed performance across most major markets and sectors.

The German DAX index was down 0.35% to 24,081 points, and the French CAC 40 index edged down 0.55% to 7,698 points. Meanwhile, the British FTSE index added 0.35% to 9,129 points.

In Japan, markets were closed for Mountain Day holiday, celebrated annually on Aug. 11. The holiday was first introduced in 2016.

Brent crude futures for October delivery remained flat at $66.63 per barrel. The US West Texas Intermediate (WTI) crude futures for September delivery increased by 0.15%, or $0.8, to $63.96 per barrel.

Regarding gold, futures prices for December delivery retreated 2.50%, or $86.6, to $3,404.7 per ounce, marking the worst daily performance since May 12.

Investors are awaiting the release of US inflation data tomorrow, with expectations pointing to a 0.3% month-on-month increase in the core Consumer Price Index (CPI) and a 3% year-on-year (YoY) rise.

US President Donald Trump said on Aug. 11 that the United States will not impose tariffs on gold and announced a 90-day extension to the trade negotiation period between the US and China.