US Stock Futures Slip Ahead Of Economic Data

US stock futures traded lower in early pre-market trade. The Producer Price Index for July will be released at 8:30 a.m. ET, while industrial production data for July will be released at 9:15 a.m. ET. The University of Michigan's consumer sentiment index for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 39.5 points to 17,329.5, while the Standard & Poor's 500 index futures fell 6.05 points to 2,074.45. Futures for the Nasdaq 100 index slipped 13.35 points to 4,503.90.

European markets were lower today, with the Spanish Ibex Index falling 0.50 percent, STOXX Europe 600 Index declining 0.23 percent and German DAX 30 index dropping 0.42 percent. French CAC 40 Index dropped 0.52 percent and London's FTSE 100 Index fell 0.11 percent. In Asian markets, Japan's Nikkei Stock Average fell 0.37 percent, Hong Kong's Hang Seng Index declined 0.12 percent, China's Shanghai Composite Index climbed 0.27 percent and India's BSE Sensex rose 1.88 percent.

Analysts at JP Morgan downgraded

from Overweight to Neutral and lowered the price target from $20.00 to $17.00. King Digital shares fell 2.75 percent to close at $15.20 yesterday.