(as of 7:00 AM PST)
International markets reversed course and are on the decline. A weak manufacturing data point out of China is temporarily derailing the Asia bull we have seen over the last few weeks. Worries persist in Europe over the Greek financial crisis and weaker economic data throughout Euroland has investors skittish. In the US markets opened down marginally, but have struggled back to near unchanged. Corporate profit reports are more of the same, with some profit beats, but companies continuing to post declining revenues. The US dollar is off slightly while interest rates continue to be stable, near record lows. Precious metals hover near flat-line while oil is in rally mode. It looks like a quiet day is shaping up.
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