The S&P 500 futures currently trade 20 points below fair value.
Bloomberg reports that Unilever PLC (UL 62.27, +0.76. +1.2%) is engaged in discussions to sell its food business to McCormick and Co. (MKC 53.98, -0.07, -0.1%).
Elsewhere, International Energy Agency Chief Fatih Birol, in an interview, said it could take six months to restore oil flow in the Persian Gulf, according to Financial Times.