EmailS&P futures are flat on almost no news. We'll make this short.
Japanese second quarter real GDP grew at a very disappointing 1.4% annual rate. That was down from 5.5% in the first quarter and below expectations of a 2.7% reading. Welcome to the global economic slowdown. Japan gets less attention these days but is still the world's third-largest economy. Asian stocks were mostly lower as a result.
Spanish 10-year bond yields have dipped slightly to 6.82% from 6.90% Friday. Italian 10-year bond yields are down to 5.87% from 5.90% Friday. European stocks are marginally higher.
There are no US economic releases and the only earnings report even worth mentioning is from Sysco (the food company, not the networking company). They beat.
The light trading action recently has been accompanied by a modest upward drift in stock prices. Trading is likely to be light again today.
Founder and Chairman, Briefing.com
