Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

4 Things You Need to Know Before Trading

Stocks were generally lower in Asia. The Nikkei and Hang Seng were both down more than one percent, Australia was down almost that much and Shanghai lost a half percent. Europe is weak across the board. The Dax and Footsie are down one and a quarter percent and one and two thirds percent respectively and they are about the best of the group this morning. US stock futures are down two thirds of a percent as I write.

*The dollar/euro is trading below 1.2500 for the first time in more than a year.

*The April reading of Retail Sales is due out at 7:30am CDT. Headline Sales are forecast to rise 0.2% on a month  on month basis and the Sales ex-autos are expected to be up 0.4% from the month before. The April readings of Industrial Production and Capacity Utilization are due to be released at 8:15am CDT. Production is expected to show a monthly gain of 0.7% and the estimate for Cap Ut is 73.8%, up from 73.2% in March. The preliminary May reading of consumer sentiment from the University of Michigan is due to be released at 8:55am CDT, it is forecast to be 73.5 up from the final April result of 72.2. The March reading of Business Inventories is due out at 9:00am CDT, it is expected to be +0.4% on the month. 

*Chicago Fed boss Evans is scheduled to speak at 12:40pm CDT, topic has not been announced.



Disclosure: no positions