US stock futures fail to pare losses after weaker than forecast CPI data-check out the S+P 500

Further to the previous update noting the lower than forecast US March CPI report, the US futures were pricing a lower opening, but upon seeing that data they did bounce. However, right now that bounce seems to have petered out rather. It was always possible this CPI data might not have a lasting impact on the opening outlook for reasons it is hoped are obvious. That said the dollar is still lower and seemingly under a degree of further pressure. Whatever happens in the next 45 minutes before live US stock trading resumes, it is going to be a tracer uncertain start to the day. Risks look pretty balanced right now, whether you are a bull or a bear. The S+P 500 closed yesterday at 5,456.90 in what you all know now was a stellar rebound. It is right now priced to reopen around 5,340