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Dow Jones futures edge lower

There is very little on the US economic release calendar today, but there is one release that can have an impact. That is the latest Richmond Fed manufacturing index and it is due for release at 3pm GMT. The better numbers from the Chicago and Philly Fed yesterday appeared to have only a passing impact but in any event that did not unsettle the US bond markets and that is surely the key as to whether the current rally in the Dow Jones will meet a stumbling block. Leaving that aside, the markets are anticipating a better number in December from the Richmond Fed, at -3 compared to -5 in November. The Dow Jones did not break any fresh ground yesterday, but it came close, as noted here earlier on, when it rose to 37,617. Right now the Dow Jones futures are not yet threatening an opening close to, or above the high seen yesterday, currently edging a little lower, at around 37,535. So, will the Richmond Fed shift the dynamic? Probably not in truth, but then again you never know 
 

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