No major extensions of the moves from yesterday The hype this week was all about the US CPI data and the reaction yesterday did not disappoint. However, it seems like market players are running out of steam today or it may just be another summer’s day in Europe as things settle down and we are seeing light changes overall for the most part.European indices are now little changed after a positive open, trading more mixed while US futures are still keeping slightly higher but the gains are rather measured.