Stocks turn lower on Israeli comments- S+P 500 futures slip

The European stock markets have now turned lower and so have the US futures following comments emerging out of Israel, stating they will increase attacks upon Hezbollah positions today. This has sent the USD/JPY lower too, but in truth it was already edging back towards the 144 handle before this news broke. Hence, there is an element of risk aversion playing out across the stock markets just now, but it is measured and certainly not significant at this stage. The S+P 500 nearly reached a new all time high yesterday when it peaked at 5,725.36, just shy of the record it set last week. The index closed last night at 5,718.57, with a gain of 16 points on the day. Earlier today it was priced to reopen above 5,735 at one stage, but this news has dented that opening call, back to around 5,715