UPDATED 6:45 ET

STOCKS – European stocks dropped, after posting their biggest three-day rally since June, as industrial- goods makers led losses. U.S. index futures and Asian shares were little changed.

BONDS – Treasury five-year debt was the worst performer among U.S. government notes and bonds over the past month before a $35 billion sale of the securities today.

COMMODITIES – West Texas Intermediate crude traded near a two-week low on signs of a manufacturing slowdown in China, the world’s second-largest oil consumer. Brent was steady in London amid concern the crisis in Ukraine may worsen.

CURRENCIES – Australia’s dollar slumped the most in three months against the U.S. currency after a government report showed core inflation was less than economists forecast, damping bets on higher interest rates..

ECONOMIC DATA – CAD Core Retail Sales due at 8:30, US Flash Manufacturing PMI at 9:45, New Home Sales at 10:00, Crude Oil Inventories at 10:30, NZD RBNZ Rate Statement at 17:00 ET.