Stock futures are lower as China has devalued its currency by 1.9%. Certainly not the Swiss Unpeg moment of earlier this year, but something that should raise some eyebrows. For those exporting to China, their products now become almost 2% more expensive. We also have the Alphabet change for GOOGLE still the talk of the town. Thus far investors and analysts alike love the move. It was easy as ABC.....
Now on to the morning reads:
Trading the Commodity Sell-off?