U.S. stock index futures are trading around 1% lower this morning, as global markets struggled in trading, given the weak trading on Wednesday. The Nikkei Index in Japan fell 2.2% after a three-day break for holidays.
Not all is bad overseas. Business confidence in Germany climbed in a recent report and France's industrial sector saw its highest confidence level since July of 2011, indicating there is the possibility of growth without China firing on all cylinders.
The euro continued its rise after European Central Bank head Mario Draghi indicated that the bank was unlikely to expand its quantitative easing program in the near future.
Norway's central bank cut its interest rate and said more cuts remain likely going forward, to help prop up the slumping economy which was hit hard by the falling oil prices.
Fed Chair Janet Yellen is set to speak tonight at the University of Massachusetts and investors will try to read through her comments about inflation and a potential rate increase.
Some earnings reports of interest today include Accenture (ACN), KB Home (KBH), Jabil Circuit (JBL), Pier 1 Imports (PIR), Bed Bath &Beyond (BBBY), Cintas (CTAS), and Nike (NKE).
On the domestic economic front we are set to see the preliminary September Markit U.S. Manufacturing PMI today at 9:45 a.m. and the Freddie Mac mortgage rates at 10 a.m. At 10:30 a.m. the EIA natural-gas storage change will be released.