Big Overnight Rally Vanishes, Asia Lower, US Futures Lower

surfing swimming oil

Europe is up at the moment, but a big global rally that started late on Wednesday night (US time) has mostly sputtered out.

Japanese shares — which had started higher — ended about 0.4% lower. Chinese stocks fell.

US futures are heading modestly lower.

For now commodities have hit a wall.

Nothing too exciting yet, but the day is young.

For a broader look at where futures stand, see here.