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Nasdaq 100 futures turn red after PPI report as yields rise again
Following on from the previous update noting the increase in US producer prices last month, the US equity futures markets have turned a bit lower. Earlier the Nasdaq 100 futures were on the rebound and pricing a reopening closer to 21,100. The index closed last night at 21,036 The index is currently priced to reopen close to 21,000 again. The reason for that seems to rest with US yields pushing up to session highs once more, just now approaching 4.48% in the 10 year note. The Nasdaq 100 is currently priced to reopen around 21,015
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