All eyes will be on US equities today
E-minis are still down about 1.3% on the day and that isn't helping with risk sentiment as a whole still. Markets will be solely focused on how the cash equity market performs and we may get some clues of any possible rebound from some of the earlier earnings releases.
Among those reporting pre-market will be Caterpillar, Harley Davidson, Verizon, and McDonald's. Of note, I would pay attention to Caterpillar and the results there. That will be the release which will gather the most focus and it will provide a gauge on how the trade dispute between US and China has affected the global manufacturing outlook.
