A.M. Update

S&P futures are only up +0.05%, but just above $4300. NASDAQ-100 futures are up +0.3%, while Dow and Russell 2000 futures are down -0.2%. China reported inflation data for May. CPI increased 0.2% year-over-year (expected 0.3%) . China’s PPI, however, fell at its fastest pace since early 2016, down 4.6% year-over-year (expected -4.3%) versus a…