US stock market futures point to a dip

S&P 500 futures down 8 points

The S&P 500 was up by as much as 11 points yesterday but faded late to finish up just 2 points to 2708. The skid is set to continue with futures down 8 points today but there’s plenty of skew in the market with some companies — like American Express – much higher on earnings.

USD/JPY is consolidating around 107.40 but hasn’t been sensitive to stocks this month.