Some mixed earnings news towards the end of last week in combination with geopolitical concerns surrounding Russia were enough to send markets lower with all major US benchmarks seeing declines. Geopolitical concerns still lay in the background today but lower gold prices, a traditional safe-haven suggest markets are not so much risk-off but just inactive ahead of busy trading week. There will be consumer confidence and unemployment data as well as this month’s FOMC meeting and earnings from major companies in oil, healthcare, finance and tech this week. Futures suggest the Dow Jones will open 9 points lower at 16,951 with the S&P500 expected to open 2 points lower at 1,976 and the Nasdaq 4 points lower at 3,961. With Microsoft, Visa, McDonald’s and a few other Dow components not pulling their weight in earnings, the benchmark index failed for the seventh time to break through 17,150 while the S&P 500 is pulling back as it approaches 2,000. With no stand-out earnings released today it will likely come down to the pending home sales data to determine market direction. New Homes sales were a disappointment last week in what some saw as a resurgent US housing market; today’s number will reveal whether there are broad-based issues in the housing market before it even go going again. 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.