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Nasdaq 100 futures jump back

The Nasdaq 100 futures immediately slumped when the US CPI data hit the screens. That saw the price fall below 17,950 from levels above 18,050 beforehand. Well, following that initial slide, the US stock futures have all rebounded with some passion too. The Nasdaq 100 is now priced to reopen above 18,100 and once again it seems, as with the dollar; that participants here have been wrong-footed. The fact that the majority of the CPI increase was based on Gasoline prices does not appear to have been lost on the US equity futures markets either. That said, it is likely to be a choppy start to the US opening soon and it remains to be seen, if this bounce in the futures will translate into higher cash prices in around 40 minutes from now 

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