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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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