U.S. equities are flat-lining ahead of the open
U.S. equities are flat-lining ahead of the open after a rather subdued session on global stocks and not really that much to cheer about in the opening salvo of data, with more to come. Liquidity and volumes continue to dwindle into the holiday weekend, despite the data onslaught today. The Dow is 3-points lower, S&P is off 1-point and NASDAQ is a point higher. This followed a 0.09% dip in Japan's N-225, a 0.5% gain on the Australian S&P/ASX 200, while the HK Hang Seng was down another 0.8%. In Europe, the Euro Stoxx 50 is flat, but the Italian MIB is 0.3% higher with a EUR 20 B banking rescue package is likely to be put in place as soon as tonight. The USD index is holding firm near 103.00, while crude oil is marginally lower near $52.40 bbl. In the tech sector, Micron surged 10% after a beat and Red Hat sank 10% following a miss. Personal income and LEI remain on tap. Once the data deck is cleared the pointless Dow 20k vigil will begin again in earnest.