Markets Are Lower

Good morning!

After touching record highs yesterday, US futures are a lower in overnight action.

European stocks are down as well. Germany is off 0.4%. Italy is down 0.3%. France is off 0.5%.

French Business Confidence came out and slightly missed expectations.

The big loser of the day is China, as the Shanghai Composite shed another 2%, and the Chinese Yuan continued to reverse from its traditional course of only going higher.

Today in the US we get the Case-Shiller housing market index.