NEW YORK ( TheStreet) -- European stocks are lower and domestic equity markets are looking at a relatively tame opening. Crude oil has stopped its slide and the dollar continues to gain against the euro this morning.
The minutes from the last Fed meeting are released today, although it's unlikely that parsing the minutes will yield surprising information. Rather, the markets will look towards Janet Yellen's planned speech this Friday for an update on the Fed's current thinking related to the timing of an interest rate hike.
Given the latest round of weak economic reports, consensus thinking now stands at a September rate hike, with the date rapidly slipping along with the weak reports.
In a non-surprising announcement, Greek's parliamentary speaker said yesterday that the country would not be able to make its June 5 payment to the International Monetary Fund without a deal from its lenders.
Various officials from the eurozone are optimistic that a deal can be reached by the end of this month - beginning of June.
SAP's (SAP) CEO deflated the M&A bubble surrounding Salesforce.com (CRM) -- which reports its first quarter results today, post market close -- when he said that not only would SAP not buy CRM, but that he did not expect any of his large competitors to buy it either, due to the company's valuation.
The Wall Street Journal is reporting this morning that Trifecta Stocks' holding United Technologies (UTX) is in talks with potential acquirers of its Sikorsky Aircraft business, which the company had been looking to dispose of in a spinoff to she holders.