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Markets Are Very Quiet

Joe WeisenthalJun 4, 2014, 13:57 IST

Alpsdake/Wikimedia Commons

Good morning!

Markets are very quiet. The tyranny of low volatility and little action continues. US futures are flat, as are European stocks.

The big event today is European PMIs. Composite PMIs fell slightly from last month, but nothing too significant. The trend towards mediocre growth for the Eurozone is intact, for better or worse.

This stacked week for data continues today, with the ADP jobs report, the ISM Services report, and the trade balance.