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Dow Jones futures modestly in the green ahead of US PPI report

The price action across the European stock markets is one that smacks of no real traction right now, but essentially it has been that way since the opening. The US futures are slightly higher right now though and the Dow Jones is marking some modest headway, but that has to put in the context of how small the swings have been so far today in percentage terms. The index closed last night at 39,431, with a loss of 81 points on the session and it was the weakest of the three main indexes. At 12.30pm GMT the US will release the April PPI (Producer Price Index) report and that could have an impact on all the US equity futures ahead of the opening. The markets are forecasting a slight uptick in producer prices last month, but the annualised core rate is expected to fall to 2.3%, from 2.4% the prior month. This data is important, but perhaps more so in terms of any clues it might provide for the more important CPI data tomorrow. The Dow snapped a 5 day run of consecutive higher closes last night. The futures price is just now pricing the opening at around 39,465

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