Stock futures struggled for direction on Tuesday, pinned down somewhat as investors continued to watch Greece-related headlines and after another batch of downbeat data came from China overnight.
Fresh data from China showed consumer inflation at a five-year low, suggesting weak consumer demand. Meanwhile in Greece, officials said late Monday that they plan to proposed a debt-compromise plan to creditors in Brussels on Wednesday. The country still plans to reject some of the strictest austerity conditions, and the brinkmanship between Greece and its international creditors has been rattling markets for days.
Here is what I am reading this morning:
Apple Selling Debt in Swiss Franc Terms
Drop the Euro Adopt the Dollar?
Growing Danger of a Bad Outcome