Good morning,

S&P +0.15%, Dow Jones +0.12%, Nasdaq +0.28%, and the European STOXX600 index +0.52%.

🚨 Iron ore prices down: Benchmark iron ore on the Singapore Exchange fell 3% this morning to US$$ 93.2 per tonne, reflecting ongoing concerns about the Chinese real estate sector. Declines in real estate investment and new construction starts continue to weigh on steel demand.

🇺🇸 US economy: Retail sales data surprised the market on the upside, and jobless claims fell, raising expectations for interest rate cuts by the Federal Reserve. The yield on the 10-year Treasury note is at 3.91%, while the 2-year Treasury note is at 4.08%.