STOCKS – The overnight slide in Asian markets, in particular Chinese shares which are now deep into ‘bear’ market territory, highlighted the ongoing angst over U.S. President Donald Trump’s trade tariff plans.
BONDS – U.S. Treasury bond yields rose slightly with risk-on flows during the overnight trading session.
COMMODITIES – Brent oil futures were down 0.7 percent at $77.69 a barrel, after U.S. President Donald Trump sent a tweet demanding that OPEC reduce prices for crude.
CURRENCIES – The euro briefly topped $1.17 and bond yields also rose on a report that the ECB thinks markets are now too cautious on when it will raise euro zone interest rates next year.
ECONOMIC DATA – ADP Non-Farm Employment Change due at 8:15, Unemployment Claims at 8:30, ISM Non-Manufacturing PMI at 10:00, Crude Oil Inventories at 11:00, FOMC Meeting Minutes at 14:00 ET.