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US equity futures jump higher after negative PPI read-check out the Nasdaq 100 right now
As you might expect there are a number of pretty rapid reactions taking place across the markets right now to the news that US Producer prices actually fell by 0.2% last month. This data endorses what we saw in the CPI report yesterday and if anything it does suggest there might be more falls in that data to come next month, given the lag effect of producer prices on CPI. That does remain to be seen though, but there is no getting away from the dovish reaction this data has delivered across the markets. So, all the US equity futures are now higher. The one of note here is of course the Nasdaq 100 future, which has now lifted to session highs above 19,650. It is backing off a bit now though, currently indicating a reopening at around 19,610
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US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
