Equity markets are looking for a positive open this morning after a final hour sell-off brought the benchmark S&P 500 down by almost 19 points yesterday. Meanwhile, overseas markets continue to suffer, with stocks in England and Japan each down by more than 1%. Overnight, Japanese Prime Minister Yukio Hatoyama resigned after less than nine months in office. His second-in-command, Ichiro Ozawaamidst, also resigned, in the hopes of bolstering the Democratic Party’s chances of staying in power after next month’s elections. The party’s popularity has suffered during a period of economic stagnation. Hatoyama was also involved in a political funding scandal. After the news, the yen fell more than 1% against every major currency. “A public opinion survey published in the...(read more)

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