UPDATED 7:11 ET

STOCKS – European stocks dropped for a second day as investors weighed escalating tensions between America and Russia over the future of eastern Europe. U.S. index futures and Asian shares were little changed.

BONDS – The extra yield Treasuries pay over Japanese bonds doubled from a year ago as the Bank of Japan said it’s sticking to its plan to push down borrowing costs.

COMMODITIES – Copper for delivery in three months fell 0.4 percent on the London Metal Exchange, erasing a climb of as much as 0.5 percent.

CURRENCIES – The Bloomberg Dollar Spot Index dropped to the lowest level in five months as a decline in currency volatility spurred investors to seek out higher- yielding assets.

ECONOMIC DATA – CAD Building Permits m/m due at 8:30, US JOLTS Job Openings due at 10:00, FOMC Member Kocherlakota Speaks at 13:30, FOMC Member Plosser Speaks at 14:45 ET.