S&P futures are pointing to a lower open today, down (0.25%). Asian markets tilted down in a quiet day, while Europe is mixed in early trades. For today's highlight, Hyundai Motor India's stock fell (4%) on its market debut, despite the IPO being oversubscribed at INR1,960/share by 2.4 times, weighing down by weak retail demand and a slowdown in India's auto sales and consumer spending. The stock was initially listed at a 1.4% discount to the IPO price. Despite this, it remains India's largest IPO by amount raised at INR278.56B ($3.3B).
Companies Mentioned: Cheesecake Factory (NASDAQ:CAKE), Baidu (NASDAQ:BIDU)