US Stock Futures Flat; Fed Minutes In Focus

US stock futures traded mostly flat in early pre-market trade. The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average dropped 3 points to 16,878.00, while the Standard & Poor's 500 index futures fell 0.50 points to 1,976.70. Futures for the Nasdaq 100 index gained 1 point to 4,035.25.

European markets were mostly lower today, with the Spanish Ibex Index gaining 0.08%, STOXX Europe 600 Index dropping 0.03%. German DAX 30 index declined 0.26%, French CAC 40 Index fell 0.24% and London's FTSE 100 Index dropped 0.30%. German producer price index fell 0.1% on the month and 0.8% y/y in July. In Asian markets, Japan's Nikkei Stock Average jumped 0.03%, Hong Kong's Hang Seng Index climbed 0.15%, China's Shanghai Composite Index fell 0.23% and India's Sensex declined 0.40%. Japanese exports surged 3.9% in July, while imports climbed 2.3% y/y in the month.

Analysts at Deutsche Bank downgraded Hertz Global Holdings

from Buy to Hold. The target price for Hertz Global has been lowered from $33 to $25. Hertz Global's shares fell 14.13% to $27.10 in pre-market trading.