European markets are called to open lower this morning.
Asian stocks rose as companies reported improved earnings and a report showed Australian wages grew at a faster pace, boosting the earnings outlook for banks and retailers.
U.S. stocks fell Tuesday after German and French leaders spoke about Europe’ debt problems, but offered little in the way of action.
Events this week
Wednesday — Before the bell, Wall Street will get earnings results from farm equipment maker Deere (DE, Fortune 500), which is expected to earn $1.67 per share, as well as discount retail chain Target (TGT, Fortune 500), 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 (HPQ, Fortune 500) 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 (GPS, Fortune 500), Sears Holdings (SHLD, Fortune 500) and video game retailer GameStop (GME, Fortune 500).
Friday – There are no company reports or economic data for investors to work through on Friday.