University of Micigan consumer sentiment index falls to 63.2 in August from 66.0 in July. The consensus forecast was for a 68.5 reading.
Risk -off is the theme with EUR/USD and USD/JPY both easing. EUR/USD has fallen through 1.4250 and USD/JPY below 94.50.
The S&P is down 1%, holding just above 1000. Technically, the S%P is stalling around the 1015 area, the 38.2% retracement of the drop from the October 2007 highs to the March 2009 lows.
