Dow Jones futures in the red now this morning

As the European stock markets head towards their first hour of live trading and the opening gains are being pared back, the US futures are now all in the red. The Dow Jones was the worst performing US index yesterday, but it did pare the initial opening losses, resultant from the higher than forecast US CPI report. As stated here long before that close, the Dow Jones would do well to recover that opening loss. Well, it did not do as bad as it might and that was most likely all due to the geopolitical comments from the US President. So, the Dow later closed 225 points lower, at 44,368. However, before the markets get ahead of themselves on the latest, potentially positive geopolitical events, the reasons why the US stock markets initially fell yesterday have not gone away. US yields are still elevated and the Fed is now even less likely to cut rates this side of June, or even thereafter. Also later today we get the latest US PPI report and if that replicates what we saw in the CPI data yesterday, it might provide another headwind. The Dow Jones is right now priced to reopen around 44,300