US Stock Futures Edge Lower Ahead Of Retail Sales, Beige Book

US stock futures traded lower in early pre-market trade. The producer price index for September, retail sales data for September and the Empire State manufacturing index for October will be released at 8:30 a.m. ET. Data on business inventories for August will be released at 10:00 a.m. ET, while the Federal Reserve will release its latest Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average tumbled 22 points to 16,233.00, while the Standard & Poor's 500 index futures fell 5.40 points to 1,869.40. Futures for the Nasdaq 100 index dropped 5.50 points to 3,806.25.

European markets were lower today, with the Spanish Ibex Index falling 0.80%, STOXX Europe 600 Index dropping 0.75%. German DAX 30 index declined 0.77%, French CAC 40 Index fell 0.83% and London's FTSE 100 Index dropped 0.86%. The annual rate of inflation in Germany remained unchanged at 0.8% in September versus August. Unemployment rate in the UK dropped to 6% between June and August, versus 6.4% in the three months to May. In Asian markets, Japan's Nikkei Stock Average surged 0.92%, Hong Kong's Hang Seng Index rose 0.40% and China's Shanghai Composite Index climbed 0.60%.China's consumer-price index rose 1.6% y/y in September.

Analysts at downgraded Intel

from Equal-weight to Underweight and maintained $30.00 price target. Intel's shares fell 0.16% to $32.09 in pre-market trading.