Stock Futures Pointing To Lower Open On Wall Street

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Here’s a brief look at the pre-market action…

• Asia was generally weak across the board, down about -1.0%.

• Europe also trading lower, down about 0.7% as we write.

• EU meeting in Brussels today and continued concerns over the Greek debt deal and now Portugal heating up as yields rise.

• Sentiment on the European situation weaker today as Greek leaders resistant to giving up too much control over budgetary authority.

• Light day on the economic calendar with personal income and spending at 8:30 am est.

• Also very light on the earnings calendar in terms of big names. Note that the heaviest days of the earnings season are Tuesday through Thursday this week.

• The S&P futures are trading around 1305-1306 now after opening last night at 1314… Dow futures down about 60-70

Good Trading!
David W. (aka The Underground Trader)

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