European markets are called to open flat this morning.
Asian stocks rose, reversing earlier declines, as Hyundai Heavy Industries Co. jumped in Seoul after a takeover bid collapsed. Chinese banks slumped after share sales and on concern about credit quality.
U.S. stocks ended little changed Tuesday, as investors took a step back after last week’ stellar gains and remain wary about Europe’ financial future.
The Dow Jones industrial average finished down 13 points, or 0.1%. Hewlett Packard and financial leaders JPMorgan Chase and Bank of America were among the biggest laggards. Chevron, Walt Disney and IBM posted the biggest gains.
Events this week
Wednesday: Before the opening bell, outplacement firm Challenger, Gray & Christmas will issue its report on planned job cuts for June.
The Institute for Supply Management will put out its June services index after trading beings. Economists are looking for the ISM services index to fall to 54.0 from 54.6 in May.
Thursday: The government’ weekly jobless benefits report comes out before the start of trading, with 425,000 Americans expected to file new claims for unemployment, after 428,000 were filed in the previous week.
Separately, a report from payroll services firm ADP is expected to show that employers in the private sector added 60,000 workers in June, after boosting payrolls by 38,000 in the previous month.
Friday: The government will release its highly-anticipated monthly jobs report before the opening bell.
Employers are expected to have added 150,000 jobs in June, after adding 54,000 jobs in May. The unemployment rate is expected to slip to 9.0%, from 9.1% in May.
May wholesale inventory figures are due shortly after the opening bell. Late in the afternoon, the Federal Reserve will release its May consumer credit report.