Dow Jones futures slip as traders adopt caution ahead of CPI inflation data

Dow futures have fallen by 0.09% during the European session, trading near 49,750. Investors are taking a cautious stance ahead of the crucial Consumer Price Index (CPI) data release. Similarly, S&P 500 futures dipped by 0.08% to around 7,010, and Nasdaq 100 futures decreased by 0.14%, reaching 25,920. The impending inflation data has led investors to focus on its implications for central bank interest rate policies, resulting in a market atmosphere filled with uncertainty. This unsettled environment has prompted traders to adopt risk-averse strategies. Given the lack of specific support or resistance levels mentioned, traders are advised to proceed with caution in establishing positions as they await the market's reaction post-CPI release.