Will earnings reports this morning offset a weaker European market?
WMT 2Q $1.09 ($1.08 est). up $1.00 in pre-market trading. Sams +5%, same store sales flat to slightly lower.
HD 2Q $0.86 ($0.82 est)
BofA cuts DIS
Good morning Europe.
German2Q GDP grew 0.1% (0.5% ext)
EU 2Q GDP +0.2% (+0.3% est), down from +0.8$ 1Q
Housing Starts July 604k (down from 629k)
Permits 597k (-3.2%)
Industrial production and Cap. Use later this morning.
S&P & DJIA Futures off. VIX starts day at 31.87 (off 4.49 yesterday)