Dow Industrial Average futures for June have eased a bit, backing off of declines over 200 earlier in the morning to a drop of just 188 at present, at 9,855. The S&P 500 is off 24 points at 1,047.
European indices continue to be hammered, with the FTSE 100 currently down 130 points, or 2.6%, at 4,938.89. The Euro is now below the $1.22 level at $1.2196.
The Financial Times’s Alphaville blog notes that Germany is proposing extending its ban on naked short selling to all German stocks and to some forex derivatives.
Coming up in just a short while are the S&P Case/Shiller Home price data and, later at 10 am, Eastern, consumer confidence numbers.
Certainly this morning gives no one reason for confidence…
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