The Nasdaq is the only one bucking the trend as it is +5 points to 4373. The S&P is off 3 to 1959 and the Dow is down 22 at 16915
US 10’s get you 2.59% -3bps
Housing is the theme in the early part of the week and in 20 minutes we have US new home sales expected in at 0.440m from 0.433m prior.
Added to that is US consumer confidence looking for a slight increase to 83.5 from 83.0 and Richmond Fed’s manufacturing index which is expected in unchanged at 7.
We’ll see if this manufacturing data point shows as much promise in the components and yesterday’s PMI.
