S&P 500 futures are up 0.1% and Nasdaq futures up 0.4% on the day currently.
This follows up from the slight gains yesterday, which helps to bite back at a chunk of the drop from Monday
Now, the turn in the market mood owes much to the softer US inflation data for June. But as mentioned earlier, it may not necessarily be telling of the broader trend in terms of price developments . That especially now with the US-Iran conflict acting up again, leading to a surge in oil prices.
But at the very least, it is affording markets a bit of a breather as seen above. That being said, the coast isn’t clear just yet. The bond market continues to stay under pressure with 10-year yields now inching back to 4.60%.