We saw markets affected yesterday and overnight and traders are citing the ongoing ebola story in New York from yesterday as well as disappointing earnings from Amazon.
S&P futures have been down as low as 1932 and the Dow to 16521.
We’re a little light on data today with US new home sales the major point on the docket. Housing has gone back to showing some strength of late, though we’re expecting a fall in new sales to 0.470m from 0.504m prior.
US new home sales
head of homes we have Belgium business confidence, which some like to use as a bellwether for Europe’s fortunes. Unsurprisingly we’re looking at a further decline to -7.9 from -7.2 in September.
Lastly, just bear in mind that we have the stress test results from Europe this weekend and while the market hasn’t had any shocks from any of the big banks this week, it doesn’t mean that there might not be a little extra position squaring as Europe goes out the door, in case we get anything nasty.
