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US stock futures hoping for a low US CPI print- Nasdaq 100 edging off highs
All three major US stock market index futures are well in the green now today. The gains are pretty evening matched in percentage terms, but the Nasdaq 100 futures is just about in front. That can soon chop and change though and we remind readers of where the index closed last night, at 29,103. It has been priced to reopen as high as 29,320 this morning.
Technically speaking this index is perhaps the least likely of the three to react significantly to any inflation data, as this is all about big tech and AI, but we should assume it will ignore the CPI numbers. There will be more to add on all these stock futures once we see what that CPI reveals. The Nasdaq 100 is right now priced to reopen around 29,280
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Dow Jones sure kicks off on the front foot this afternoon
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A bull trap?- USD/JPY does a Volte Face
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A very lively two-way reaction to the US CPI data- check out the S+P 500 futures now
The immediate reaction to the US CPI report was rapid and dramatic across a number of markets. We already covered the USD/JPY and Gold and now we look...