Morning Drip

good morning – futs a tad off overnight lows

dj futs: -189.13; sp futs: -20.97; naz futs: -36.26

hong kong: -4.21%
japan:  -2.31%
china: -0.05%

uk: -2.67%
germany: -3.8%
france: -4.94%

euro: +0.54% to 1.3639
gold: -0.83% to 1844.10
oil: -1.46% to 85.97
10 year yields 1.902, down 9bps

dollar index -0.12% to 77.282

 no G7 intervention, no Greek default, German bund yields a record 1.72%, Moody’s warns of a possible downgrade of French banks, Bucs have their lunch handed to them

French Banks Slide on Possible Moody’s Cut http://bloom.bg/qBSGcF
Eurozone Woes Hit Global Stocks http://on.ft.com/qYQwUl
China Trade Figures Highlight Global Divide http://on.ft.com/raWSlm
August Retail Sales Expected to Slow http://bit.ly/oIr5fj
Fed Has Bullets, but Not Clear if Needed: Bullard http://reut.rs/q6sDGx
Broadcom to Buy NetLogic for $3.7 Billion http://nyti.ms/qTMpr3