U.S. stock futures traded lower after steep losses in Asia. An increase of inflation in China has some investors concerned of future rate hikes. The Shanghai Composite dropped 5.2%, the Hang Seng in Hong Kong dropped 1.9% and Japan’s Nikkei ticked down 1.4%.
Domestic economic news is light again today. A report on consumer sentiment comes out after the market opens. The University of Michigan consumer sentiment index for early November is expected to rise to 69 from 67.7.
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