Futures point to mild bounce after yesterday's rout
2016-09-30 07:44:13
Stock index futures are pointing toward a mildly higher open for the broader market as investors step back and reassess whether the troubles facing Germany's Deutsche Bank actually do pose a risk of igniting another financial crisis. On the domestic calendar, U.S. personal income, spending and the PCE for August are due at 8:30 am ET, the Chicago PMI for September is expected at 9:45 am ET and University of Michigan consumer confidence reading is scheduled at 10 am ET. Later this afternoon, Baker Hughes will update its U.S. rig count, which has been edging back up in recent weeks. In early trading, Dow futures are 28 points above fair value, Nasdaq futures are 5 points above fair value and S&P futures are 3 points above fair value.