The Hang Seng closed down 0.79% today in Hong Kong, while Australia closed down 0.55%. Japan’s Nikkei 225, their large cap index, is down 2.35% for the day.
Halfway through their trading day, the FTSE 100 (UK) and the DAX (Germany) and the CAC 40 (France), are flat.
The S&P 500 closed yesterday, Tuesday, right on support at 881. In overnight Globex trading the S&P futures are up half a percent and the Nasdaq futures are up nearly as much.
Crude oil inventories are announced at 10 AM EST and consumer credit increase or decrease for May at 3 PM EST. Reported consumer credit use has been dropping every month since August 2008 except for an increase in September 2008 (back to school) and January 2009 (Christmas). Last month it dropped by $16 B. Consumer credit use report today is exected to show an $8.8B drop over last month.
Family Dollar Stores, FDO, and Pepsi Bottling Group, PBG, have earnings conference calls at 10AM EST and 11 AM respectively; Alcoa Aluminum, AA, has its call at 5 PM EST.
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