1. Negative sentiment takes hold: US stock futures are pointing down again, indicating it could be another negative day on Wall Street.
European markets are also falling in early trading, with Germany’s Dax index leading the way with a 1.1% drop. The Ifo business climate index released Thursday showed a considerable cooling in business sentiment in February.
Most Asian markets ended the day in the red. But major Chinese indexes bucked the trend, closing higher on the first day of trading after a holiday.
U.S. Treasury yields continue to sit near four-year highs around 2.9%, providing an increasingly tempting alternative to stocks.