Seeking Alpha

Stocks little changed ahead of the open

  • Stocks look to start the week on a quiet note, with the major indexes little changed as upbeat data from China failed to boost either Asian or European markets; S&P +0.1%, Dow and Nasdaq flat.
  • A flash reading of HSBC's purchasing managers' index showed Chinese manufacturing activity rose for the first time in six months in June, reducing fears about a sharp slowdown in China, yet the Shanghai Composite finished in the red.
  • Treasurys hold slim gains, with the benchmark 10-year yield off one basis point at 2.60%.
  • Still ahead: PMI flash manufacturing, existing home sales.
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