US Stock Futures Point to Lower Open

Forex News

US stock index futures pointed to a lower open for the second day in a row, as investors await a slew of corporate releases and economic data. Markets in Asia and Europe have found some stability once again. Yesterday, US stocks fell, amid increased selling pressure. In Europe, the region's major indices attempted a tentative rebound after tumbling to a 22-month low in the prior session.

Oil prices fell again, after coming under pressure caused by tumble of the global stock markets. The US Energy Information Administration (EIA) will release its official weekly oil supplies report for the week ended October 19 today. Analysts expect the EIA to report a climb of around 3.7 million barrels in crude supplies. If confirmed, it would be the fifth straight weekly climb in domestic oil inventories.