Equity indexes are lower ahead of today's heavy economic calendar.
S&P 500 futures are down 3.25 points, or 0.25 percent, to 1398 at the time of this writing. Nasdaq 100 futures are off 5.25 points, or 0.19 percent, to 2721.50.
European markets are declining as well. The German DAX is leading that weakness, down 0.48 percent, while the U.K. FTSE follows closely with a 0.4 percent drop.
Asian indexes closed lower, led by a 1.18 percent loss in Hong Kong's Hang Seng. Japan's Nikkei 225 was off 0.05 percent.
Commodity markets are quiet despite a large drop in the euro/dollar. The front-month oil contract is lower by 0.34 percent to 93.12. Copper prices are lower by 0.39 percent to 3.346 after bouncing off 3.34 support early this morning.
Spot gold futures are lower by 7 points, or 0.44 percent, to 1595.40. U.S. dollar futures are pushing higher by 0.31 percent to 82.78 as strength in the the U.S. Dollar Index pushs the euro down 0.4 percent to 1.2286.
Also worth noting this morning, the historical correlation between the dollar and bond prices higher is reversed. The 30-year Treasury bond future is lower by 0.4 percent, its lowest price in more than a month.
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