May 31, 2013- Optimism Evades Markets on Weak US Data

Wall Street's optimism has deserted it, and slowly steadily risk aversion crept in, as traders remain wary of potential negative impact a premature withdrawal of monetary policy stimulus may have on growth. The major U.S. index futures are pointing to a lower opening on Friday. Asian stocks closed on a mixed note, while the European markets are seeing weakness. The domestic markets are likely to focus on reports on personal income and spending, consumer sentiment and a regional manufacturing index for additional clarity. The Dow futures are slipping 101 points, the S&P 500 Index futures are receding 12 points and the Nasdaq 100 futures are moving down 22.50 points. U.S. stocks rebounded on Thursday from the previous session's sell-off, as some lukewarm domestic economic data alleviated any worries stemming from expectations that the Fed may trim its stimulus program.