What's Happening Today:
- US pre markets are indicating a relatively quiet open following a negative sentiment in Asia and Europe. In the aftermath of the Barcelona, Spain based terror attacks, traders are assessing the potential impact of such an event on the local economy. Summer and Barcelona specifically is a major tourist hub in the European area. This attack come on the heels of a rather busy week of headlines based on economic figures and political rhetoric ranging from last weekend's Charlottesville, VA events and response to macroeconomic headlines including the FOMC and ECB minutes.
- The conversation continues among Fed governors with respect to the inflation question, balance sheet approach by the FOMC, and wage and employment within the US economy.
- Among equity-specific headlines, DE, EL, FL, have reported earnings. Calpine (CPN) agrees to be acquired by an Investors consortium.
- Traders will be looking for information on the US based oil producers as the upcoming Baker Hughes Rig Count is released this afternoon.