This morning, the S&P 500 Index e-mini futures (ES-U3) are trading lower by 2.50 points to 1701.50 per contract. Traders and investors seem to be taking some risk off of the table before the opening bell. Last night, the important and highly followed Japanese Nikkei 225 Index finished lower by 1.44 percent. This could hurt some of the leading Japanese ADR’s such as Toyota Motors Corporation (ADR) (NYSE:TM), Canon Inc. (ADR) (NYSE:CAJ), and Sony Corporation (ADR) (NYSE:SNE). Traders should also watch the USD/JPY chart very closely. When the USD/JPY declines it will often put pressure on the U.S. stock indexes.
The information in these Market Commentaries do not constitute a solicitation of the purchase or sale of any futures or options contracts.
