US equity futures grab some support from lower PPI data- S+P 500 off the lows

The reaction to the lower than forecast US PPI data has helped the US equity futures rebound. That rebound is not massive by any means at this stage, but if nothing else it has helped to take the pressure off, as the markets now increasingly view Fed cuts as more likely than not. The question marks on the dollar remain and the US currency is still under pressure. The flight into the Euro in particular has continued to gather pace, very much in keeping with the prognosis outlined here for a good long while now. So, US stocks are still likely to open lower though, but it remains to be seen by how much following this benign PPI data. The S+P 500 is right now pricing that back above the 6k handle, right now around 6,004