US Stock Futures Slide Ahead Of Earnings

US stock futures traded lower in early pre-market trade. The FHFA purchase only house price index for February will be released at 9:00 a.m. ET, while existing home sales data for March will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 48.50 points to 17,834.50, while the Standard & Poor's 500 index futures fell 4.05 points to 2,086.95. Futures for the Nasdaq 100 index slipped 6.10 points to 4,422.40.

European markets were lower today, with the Spanish Ibex Index dropping 0.71 percent, STOXX Europe 600 Index falling 0.31 percent and German DAX 30 index dropping 0.80 percent. French CAC 40 Index slipped 0.39 percent and London's FTSE 100 Index fell 0.64 percent. In Asian markets, Japan's Nikkei Stock Average rose 1.13 percent, China's Shanghai Composite Index climbed 2.44 percent, Hong Kong's Hang Seng Index gained 0.30 percent and India's BSE Sensex gained 0.77 percent.

Analysts at Bank of America upgraded

from Neutral to Buy. SAP shares fell 0.24 percent to $73.96 in pre-market trading.