07:12 AM EDT, 08/12/2024 (MT Newswires) -- The benchmark US stock measures were pointing higher before Monday's opening bell, as investors brace for key inflation data later in the week.

Standard & Poor's 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average was slightly in the green. The majority of Asian and European exchanges were trending upwards.

With no economic reports scheduled for Monday, traders are looking ahead to the producer price index for July scheduled to be released on Tuesday, followed by the consumer price index for the same month on Wednesday. The retail sales report for July is out on Thursday.

Shares of Starbucks ( SBUX ) gained 2.7% pre-bell following media reports that activist investor Starboard Value has taken a stake in the coffee retailer.

KE Holdings ( BEKE ) , Monday.com ( MNDY ) and Fortrea ( FTRE ) report their latest financial results before the bell, among others. Retail giants Walmart ( WMT ) and Home Depot ( HD ) post earnings later in the week.

Before the open, bitcoin dropped 2.6% to $58,213, West Texas Intermediate crude oil increased 1.2% to $77.74 a barrel, yields on 10-year Treasuries rose 1.3 basis points to 3.96% and gold inclined 0.3% to $2,482 an ounce.