The early deals in US stocks are inconclusive.

The S&P is down 4 points at 1926, The Dow -15 at 16546 the Nasdaq flat at 4370.

These early moves could set the tone so watch the opening lows.

US 10’s get you 2.59%USD//JPY has rebounded from another look at 102.65 and we’re likely to tread water until the manufacturing data starts rolling out in around 8 minutes. Again, look for the stock market reaction to the data.