S&P futures vs fair value: -9.00 at 906.7. Stocks are off to a lower start this Monday. The selling pressure comes from the European bourses, all trading with some moderate losses. FTSE is at 4287.12, down 1.35%, DAX is at 4756.48, shed 1.71% and CAC is at 3162.77, slid 1.82%.

There is no economical news today, however there are a number of important news coming out this week. Durable goods orders and FOMC meeting announcement are on Wednesday, GDP on Thursday and finally personal income and outlays on Friday.