LONDON -- The Dow Jones Industrial Average
Of particular interest today will be the retail sales figures and producer index for May, both due at 8:30 a.m. EDT. Both measures are expected to show a decline from last month. Due later this morning are April's business inventories and the EIA weekly petroleum status report. Traders will also be following JPMorgan Chase CEO Jamie Dimon's testimony to a Senate banking panel, due to begin at 10 a.m. EDT, hoping for further clues as to the scale of the bank's losses.
In Europe this morning, new figures showed that eurozone industrial output fell by 0.8% in April and is 2.3% lower than a year ago. The Italian government held an auction of one-year bonds, which sold at an average yield of 3.972% -- the highest level in six months, highlighting contagion fears. Germany also held a bond auction, selling 4 billion euros of 10-year bonds at a yield of 1.52%, up from 1.47% at the last auction.
European markets traded broadly flat through the morning. At 7:00 a.m. EDT, the FTSE 100
In company news, Johnson & Johnson
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