Stocks remain more hesitant as they await the release of US CPI data

European indices are holding small gains so far on the day while US futures are mixed and not offering much. The Eurostoxx rose by 0.1%, the DAX by 0.5% and the CAC 40 by 0.1%. Meanwhile, S&P 500 futures are down 0.1%, Nasdaq futures are down 0.2% and Dow futures are up 0.1%.

The general mood is hesitant as investors don’t really see the conviction to commit to anything until we get to the release of US CPI data later at 13:30 GMT.

This will set the tone for the rest of the week. As for the technical data, the 100-day moving average of the S&P 500 will be the key level to watch:

Break above that and buyers can still establish a new leg to the upside, but fall back below and the more nervous mood in the markets from last week is likely to carry over into the weekend.


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