U.S. stock index futures are indicating a flattish opening, with Asia mixed and Europe off modestly at mid-day.
Other international news is pushing Greece off the headlines for now. Oil is trading lower this morning, as Iran and the major world powers have agreed to a nuclear accord after weeks of negotiating.
The deal will ease economic sanctions against Iran, allowing the country to increase its energy exports and get access to international banks and investors, in exchange for a curb on Iran's nuclear program.
In Greece, Prime Minister Alexis Tsipras is feeling the backlash from supporting austerity measures he vowed to fight against when he received his office.
In M&A news, China's state-owned technology company Tsinghua Unigroup is readying a $23 billion offer for Micron Technology (MU) for $21 per share, a 19% premium over MU's closing price. We are skeptical that the U.S. government would allow such a sale.
Some notable earnings reports today include: Commerce Bancshares (CBSH), Fastenal (FAST), JPMorgan Chase (JPM), Johnson & Johnson (JNJ), Wells Fargo (WFC) ¿ which are both in the Action Alerts Plus portfolio -- CSX (CSX), Yum! Brands (YUM), and Adtran (ADTN).
On today's domestic economic docket we have:
Retail Sales Advance MoM (8:30 a.m.): 0.3% expected;
Retail Sales Ex Auto Mom (8:30 a.m.): 0.6% expected;
Retail Sales Ex Auto and Gas MoM (8:30 a.m.): 0.6% expected;
Import Price Index MoM (8:30 a.m.): 0.2% expected;
NIFB Small Business Optimism (9:00 a.m.): 98.5 expected;
API weekly oil inventories (4:30 p.m.)