Top tier data on the agenda
The economic calendar is flush over the next hour.
- 9:45 am ET Markit US services PMI
- 10 am factory orders
- 10 am durable goods revisions
- 10 am ISM non-manufacturing
- 10:30 am US weekly oil storage
The US stock market has opened sharply to the downside as Fischer continues to reiterate rate hikes. I think the best thing to happen to the stock market might actually be weaker data because the Fed is talking about hikes so often at the moment that people are starting to think they're serious.
