US Stock Futures Slip Ahead Of Consumer Credit Data

US stock futures declined in early pre-market trade. Data on consumer credit for July will be released at 3:00 p.m. ET. Futures for the Dow Jones Industrial Average tumbled 34 points to 17,083.00, while the Standard & Poor's 500 index futures fell 3.70 points to 2,002.30. Futures for the Nasdaq 100 index dropped 5.25 points to 4,081.25.

European markets were lower today, with the Spanish Ibex Index dropping 0.73%, STOXX Europe 600 Index falling 0.90%. German DAX 30 index dropped 0.19%, French CAC 40 Index fell 0.42% and London's FTSE 100 Index dropped 1.11%. German adjusted exports rose by 4.7% on the month in July. In Asian markets, Japan's Nikkei Stock Average gained 0.23%, Hong Kong's Hang Seng Index fell 0.20%, and India's BSE Sensex jumped 1.08%. Japan's current-account surplus narrowed 30.6% y/y to Y416.7 billion in July before seasonal adjustment. China's exports rose 9.4% y/y in August, while imports declined 2.4% y/y.

Analysts at Morgan Stanley downgraded Ford Motor Company

from Overweight to Underweight. The target price for Ford Motor has been lowered from $17 to $16. Ford Motor's shares dropped 2.10% to $16.78 in pre-market trading.