Hang Seng closed down 1.09% and Australia closed down 1.35%.
Europe is down at their mid day, the FTSE 100 (UK) is down 0.60%, the CAC 40 (France) is down 1.1% and the DAX (Germany) is down 1.4%.
The S&P 500 is down 5 points, or one half of one percent.
8:30 EST the employment numbers come out. Initial claims for unemployment insurance for last week, which is expected to be 615,000 compared to 627,000 for the week before. This is still below the peak in initial claims reached in the beginning of April, which means the bottom of the recession was mid May.
The hourly earnings and average workweek will still show that there is no rise in employment. The unemployment rate is expected to go to 9.6% from 9.4%.
Tomorrow is a market holiday, so the weekly SPX and OEX will start trading today.
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