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S+P 500 futures point to a record opening following CPI release

As the markets reacted to the latest US CPI report we saw the dollar take an instant hit and as also noted, the rather poor US retail sales data helped to perpetuate that move. At the same time all the US stock market futures went on a hike and that saw potentially record opening pricing for the S+P 500 index well above 5,265.The highest indication was for a rise to around 5,280. Well, it seems to have curbed its enthusiasm a bit now, as the dollar tries to battle back and those US yields try to base out. The S+P 500 is right now still poised to open at record levels a little later this afternoon and it seems a new all time high is probably on the cards when live trading resumes 
 

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