Despite the conditional validation about the ECB quantitative easing by the European court, European markets remain misguided, particularly suffering from Wall Street downturn of the previous day, in the wake of oil prices.

The downward revision of global growth forecasts by the World Bank also weighed on the trend, as the disappointing news from Goldman Sachs and results by JPMorgan.

The S&P 500 finished down 0.26% to 2023 points yesterday and is expected to open lower by more than 1% today.

As for statistics, Retail Sales was expected to increase by 0.2% finally emerged down 0.9% and Import Prices were down 2.5% (-2.7% expected). Business Inventories will be published at 10:00 AM EST, oil Inventories at 10:30 AM EST then the Fed Beige Book at 2:00 PM EST.

Graphically, a bearish bias remains preferred in hourly data under the 2050 points level coinciding with a bearish line that maintains the index under pressure. The 2000 points threshold could be tested today. This level should contain the bearish tendency or a more pronounced consolidation towards 1972 points could happen.