27Jul2015 Pre-Market Commentary: Oil Falling, U.S. Dollar Down But Steady, Shanghai Down 8.5%, Markets Expected To Open Lower

(Before It's News)

Written by Gary

U.S. stock futures drifted lower this morning after a steep drop (8.5%), the most since February 2007, in Chinese stocks provided additional fuel to the venerable U.S. dollar falling further. The Commerce Department reports orders for long-lasting goods rose 3.4% in June, surpassing expectations for a 3% increase.

The markets are expected to gap lower at the opening.

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