New Home Sales, $42bn 5 Year Treasury Notes, FOMC Statement

News from Asia has pushed the global stock market down after Toyota said it would stop production and sales on eight of its recalled vehicles.

Japan’s Nikkei index hit a 5-week low after the Toyota news, despite a positive trader report that showed exports were 12.1% higher than one year ago. The new trade destination is longer longer the US though. As Jennifer Lee from BMO notes, China has become Japan’s #1 export destination.

In the US, however, equity futures are looking for a higher open. Dow Futures are up 6 points to 10,144 and S&P 500 Futures are trading 2.00 points higher at 1,089.

Meantime, commodities are mixed: WTI Crude oil is trading 27 cents higher to $74.98 per barrel, but Spot Gold is down $1.08 to $1,096.47.

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