July 05, 2016- Stocks Trade Lower Over Global Concerns

Early indications suggest that Wall Street may pause for breather after a 4-day rally that almost helped the markets to recover their post-Brexit losses. The major U.S. index futures point to a lower opening on Wall Street on Monday after Asian stocks closed mostly lower. The major averages across the Atlantic are also notably lower despite fairly positive eurozone private sector activity and eurozone retail sales data, although the U.K. market is edging higher following BOE Governor Mark Carney's speech. The Bank of England lowered its capital buffer requirements of the U.K. banks to ensure stability in the financial system after Brexit. Oil is notably lower and the dollar is firmer. Commodity moves, a Fed speech scheduled for the day and M&A news, if any, may dictate movement in the domestic markets.