guys...Industrial Production didnt decline from last month's 13.3 but instead rose to 13.5. Compared to the US, this is a complete opposite, as US Industrial Production has tanked in May/June. China has continued to grow, which is different than the market was pricing in. Markets assumed a global market downturn but in reality it is only a US softpatch. Markets will adjust to this data. CPI is not the driver behind the futures activity.
Futures still climbing from initial levels after the data was released