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S+P 500 futures dive and rebound following higher than forecast US PPI
The immediate move higher in the dollar and lurch lower in US stock futures saw the S+P 500 future slide to price an opening not much above 5,570. However, almost as quickly the price has reversed that fall. The reason why that is cannot be explained here to be honest. The same two way swing in the dollar has unfolded too and right now the US stock markets seem to be absorbing that surprising strong producer price index data. The S+P 500 is right now pricing the opening at around 5,590
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