END OF DAY REPORT JULY 10th

HIGHLIGHTS- EQUITIES, FUTURES & OPTIONS

US President Biden is to meet with Ukrainian President Zelensky during the NATO summit on Wednesday, according to CNN

Promising signs ahead of Wednesday's CPI data with the Manheim used car priced index tumbling further in June, something which will be crucial for bringing down core CPI in the months ahead.

Turkey agrees to advance Sweden's NATO bid, according to Turkish official cited by Bloomberg who says it received the assurances it needed

Fed's Bostic (non-voter, dove) repeats he does not see rates needing to rise any further from here, this is a hard judgement call, path forward is no longer obvious, inflation reduction will take longer than expected

Fed's Mester (non-voter, hawkish) says she hasn't decided yet on need for July rate hike, needs more data;
 her outlook for terminal rate matches, or just above, June Fed median forecast Expects housing inflation to ease, but it's still an upside rise for price pressures. Reiterates that she would have hiked rates in June but understands why Fed didn't act. Fully aware the economy's performance could surprise Fed officials view. Economy would be better off if FFR goes higher. Not seeing signs of excessive credit tightening