The futures are under preasure after report in the Wall Street Journal that said Fed officials have mapped out a strategy for tapering the Fed's asset purchase program has been cited as a contributing factor for the early disposition.

The futures rightfully pared some of their losses after the Retail Sales report was released.

Global Stocks:

Nikkei 14,782.21 +174.67 +1.20%

Hang Seng 22,989.81 -331.41 -1.42%

Shanghai Composite 2,241.92 -4.91 -0.22%

FTSE 6,620.44 -4.54 -0.07%

CAC 3,946.37 -7.46 -0.19%

DAX 8,267.09 -11.50 -0.14%

Crude oil $95.47 -0.59%

Gold $1433.40 -0.22%