Equities are inching lower this morning, despite the Bank of England (BOE) voted unanimously to cut its key lending rate to 0.25%, marking a new all-time low.

What a year it has been. The S&P 500 started things off down 10.5% for the first 28 days of the year, making 2016 the worst start to a year ever.

U.S. markets are modestly higher in early trading following yesterday’s session, which saw the S&P 500 break to the downside out of a sideways consolidation.

On Friday afternoon, July 29, the European Banking Agency (EBA) released the results of its latest stress test of major European Banks.

Following a week which saw remarkably little change in the S&P 500, U.S. equities are slightly higher to begin a week full of economic data and earnings.

Tomorrow morning, Friday, July 29, gross domestic product (GDP) data will be released for the second quarter of 2016.