The ZEW German Confidence Report is expected to reach its lowest level since November 2012. Also in the spotlight: the latest industrial production data for August; Inflation data in Spain, Italy, France and the UK.
Also, the VIX “fear gauge” has spiked and oil prices continue to drop. As Barclays reported in its monday comments, US equities registered broad-based losses on Monday, with the S&P 500 dropping below its 200-day moving average while US Treasury yields dipped in Asian trading. US equity futures have turned higher, ahead of key Q3 earnings reports today including JPMorgan, J&J, Wells Fargo, Citi and Intel; Asian stocks generally firmed except in Japan. Gains were led by Australia and Hong Kong, where police cleared barricades from the central business district.