This smells like a total media blackout to me. We broke down and went to Al Jazeera and they are not even reporting anything right now.
May be changing before our eyes; earlier I counldn't find any reason for stock futures being negative, but I just found these:
- Yen Climbs to 4-Month High Versus Euro on Iraq; Pound Advances Bloomberg - 9 hours ago The yen advanced, reaching the strongest level in four months against the euro, as violence in Iraq boosted speculation oil supplies will be disrupted and bolstered the appeal of haven assets.
- Shares struggle, oil firms on Iraq anxiety
It's like they'd prefer to be political but business is business.