Markets Are Going Lower

Chinese submarine 5Reuters/StringerZhang, a 37-year-old local farmer, who is interested in scientific inventions, has made six miniature submarines with several fellow engineers, one of which was sold to a businessman in Dalian at a price of 100,000 yuan ($US15,855) last October.

The week begins and markets are lower.

The worst is Europe, where Italy is off 1.6%, Spain is off about 1%, and Germany is down 0.2%.

Stocks had started higher in Japan, but ultimately ended lower to the tune of 0.18%, which isn’t too dramatic.

US futures are down just a hair.

This marks the start of a decently busy week for the US economy, including Durable Goods data which comes out later today.

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