European financial places accentuate their declines since the opening due to the release of disappointing manufacturing PMI in the Eurozone (50.3 against 50.5 expected). It return below the 50 in Germany (49.9 against 50.3 expected), reflecting an activity contraction.

The S&P 500 finished down 0.28% to 1972 points yesterday, and should open lower by 0.3% this afternoon.

Regarding statistics, the ADP non-farm employment change reported 213,000 new jobs creation.
At 10:00 AM the ISM manufacturing index will be published (expected at 58.6) and the construction spending (consensus at 0.5%); then at 10:30AM, the crude oil Inventories.

No change from a technical perspective, the S&P 500 consolidates horizontally for many sessions. Only the breakdown of 1966 points militate for the beginning of a stronger correction towards the 1956 points and 1942 points by extension.
In intraday, a seller bias stay privileged under 1984 points.