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As the morning has unfolded the gains seen across the US equity futures have now dissipated somewhat. All three indexes are still pricing a higher opening just now, but certainly not a high as earlier this morning. The S+P 500 was pricing that opening close to 5,875. The index had closed last night at 5,836.22, with a gain of just 9.18 points on the day. It was clearly held back by underperformance in the Nasdaq 100. The S+P 500 future is seemingly paring gains ahead of the US PPI report this afternoon, as of course that data will arrive before the index reopens an hour afterwards. The S+P 500 is right now priced to reopen around 5,850
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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