June 14, 2012-Markets Poised for a Flat Open Ahead of Greek Election

Sentiment on Wall Street is precariously poised, as indicated by the U.S. index futures, which point to a flat opening on Thursday. Euro worries are intensifying, as some peripheral bonds yields surged higher. Meanwhile, Italy's borrowing costs surged up at a debt auction. In addition to the crisis raging across the Atlantic, domestic economic slowdown is also causing alarm and therefore, traders are likely to focus on the jobless claims report due before the markets open. Risk currencies are all losing ground, with the beneficiaries being the safe havens yen and the dollar. Crude oil is modestly lower around its 8-month lows ahead of a meeting among OPEC members to decide on output quotas. As of 6:30 am ET, the Dow futures are down 3 points and the Nasdaq 100 futures are moving down 1.25 points, while the S&P 500 futures are unchanged. U.S. stocks ended Wednesday's session lower, as domestic economic concerns and the eurozone debt worries increased risk aversion in play in the markets.