It looks like another tentative start for US markets which are expected to open lower as all eyes again turn to the Federal Reserve to determine if minutes from the recent statement give away any extra information on the timing of the next rate hike. Retailers dominate earrings again today with reports from Lowe’s, Target, Staples and Sears. The Fed tweaked some of the language in the latest statement while keeping the “considerable period of time” reference to how long rates will be kept low. The Fed have been treating markets with kid gloves in recent statements and the latest minutes could again involve discussion of how to relay changes in Fed policy. What the Fed have been engaging in is in large part building up confidence; if they say something out of line and markets crash, that’ll impact confidence and undo the progress made since the financial crisis. Home Depot shares were down yesterday as concerns remain over the full impact of the data breach that lost 56 million card details. In better news for Lowe’s, Home Depot’s earnings beat estimates yesterday thanks to an improving economy and more stable housing market that gave customers the confidence to improve their homes. Futures suggest the: S&P 500 will open 2 points lower at 2,049 with the Dow Jones expected to open 15 points lower at 17,672 and the Nasdaq 5 points lower at 4,237. CMC Markets is an execution only provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.