S&P 500 futures are down by 0.2%
North American markets will be back in action today but early signs point to a softer open in the US cash equity market later. E-minis are down by about 0.2% with risk sentiment not really helped by Chinese equities, which fell heavily in Asian trading today.
The Shanghai Composite ended the day lower by 1.7% amid a warning by China’s Politburo on real estate speculation. The major real estate index in the country fell by over 5% in trading today, proving to be the major drag in sentiment.