Futures are leaning to the red side because of Europe this morning. after revised European Commission figures showed gloomier growth forecasts for the region. Growth is now seen at 1.1% in 2014, versus a prior expectation of 1.2%, and unemployment is seen rising to 12.2% versus a previous forecast of 12.1%. No biggie. European stocks are trading at 5 year highs. We may also see a rate cut out of Europe on Thursday.
The banks are resting here and are probably resting before a move up $XLF
The ISM number comes out at 10PM, looking for 53%
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