The Hang Seng was down 0.81% overnight, while Australia was up 0.69% – good for commodities.
Japan is up 1.79%, but they go their own way.
Europe is flat to midday.
Globex S&P 500 is up 2 points at 6 AM.
At quarter end there is some buying of winners and selling of losers by fund managers, then an unwinding right after.
Consumer confidence comes out at 10 AM. It does not correlate with consumer spending. Consumer income correlates with spending, not a sentiment number like consumer confidence or the Michigan consumer confidence number.
The Case Shiller Housing index comes out at 9 AM. Expected to show an 18% drop.
The Chicago PMI comes out at 9:45. The purchasing managers index, expected to be 34.9, still shows deep contraction of manufacturing. The national number comes out in a few days.
If they are away from consensus, that could move the market.
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