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S+P 500 futures like those CPI numbers
The reaction across the European and US equity markets to the US CPI data has seen the major indexes here in Europe press a bit higher, but they were already on the rebound anyway. So was the US futures for that matter too. This CPI data, although slightly higher (as expected) has cemented the belief the Fed will cut next week. That said, it is by no means a guaranteed outcome, more so a racing certainty it seems. Anyway the S+P 500 futures are on the rebound into the opening now. To remind the reader, the index closed last night at 6,034.91. It is right now priced to reopen above 6,060
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