US Stock Futures Edge Lower Ahead Of Consumer Spending Report

US stock futures traded slightly lower in early pre-market trade. Data on consumer spending for April will be released at 8:30 a.m. ET, while the Chicago PMI for May will be released at 9:45 a.m. ET. The Reuter's/University of Michigan's consumer sentiment index for May will be released at 9:55 a.m. ET. Futures for the Dow Jones Industrial Average dropped 7 points to 16,674.00, while the Standard & Poor's 500 index futures fell 1.70 points to 1,916.20. Futures for the Nasdaq 100 index declined 1.25 points to 3,734.25.

European markets were mostly lower today, with the Spanish Ibex Index gaining 0.32%, STOXX Europe 600 Index dropping 0.10%. German DAX 30 index fell 0.05%, French CAC 40 Index slipped 0.60% and London's FTSE 100 Index dropped 0.20%. Spanish consumer price index increased 0.2% in May, while German retail sales dropped 0.9% in April. In Asian markets, Japan's Nikkei Stock Average dropped 0.34%, Hong Kong's Hang Seng Index rose 0.31%, China's Shanghai Composite Index declined 0.07% and India's BSE Sensex tumbled 0.07%. Japan's consumer price index climbed 3.2% in April.

Analysts at Deutsche Bank downgraded Infoblox

from “buy” to “hold.” The target price for Infoblox has been lowered from $30 to $18. Infoblox's shares tumbled 32.94% to $13.76 in pre-market trading.