European markets are called to open lower on Tuesday.
Asian stocks gained for a second day as Google Inc.’s largest acquisition boosted technology shares and valuations near the lowest level since 2008 drew investors. The euro slid from a three-week high against the dollar before data forecast to show economic growth for the region slowed.
U.S. stocks moved solidly higher Monday, with major indexes rising about 2%, as merger activity set a positive tone on Wall Street.
Events this week
Tuesday — The Federal Reserve’ July industrial production figures will be released at 9:15 a.m. ET. Economists forecast that industrial production picked up by 0.4% last month, a slight increase from the 0.2% increase in June.
Other economic reports out on Tuesday include July housing starts and building permits, as well as import/export prices and capacity utilization figures.
Three big companies will report their results on Tuesday: Wal-Mart, Home Depot and PC maker Dell.
Wal-Mart, the world’ largest retailer, is expected to report a profit of $1.08 a share when it reports before the opening bell. Home Depot is expected to earn 83 cents a share.
Dell, which reports after the bell, should post a profit of 49 cents a share, according to analysts surveyed by Thomson Reuters.
Wednesday — Before the bell, Wall Street will get earnings results from farm equipment maker Deere, which is expected to earn $1.67 per share, as well as discount retail chain Target, expected to earn 97 cents a share.
The Labor Department will release its July producer price index, also known as wholesale inflation, at 8:30 a.m. ET. Economists expect July PPI was flat, after being down 0.4% in June.
Thursday — Investors will get weekly jobless claims and the July consumer price index from the Labor Department at 8:30 a.m. ET. Weekly jobless claims are expected to by 5,000 claims to 400,000. Inflation is expected to remain tame, rising 0.2% after falling 0.2% in June.
Dow component Hewlett Packard reports its quarterly results after the closing bell on Thursday. Analysts are looking for the tech giant to post a profit of $1.09 per share.
Other companies reporting on Friday include Gap, Sears Holdings and video game retailer GameStop.
Friday — There are no company reports or economic data for investors to work through on Friday.