European markets are called to open lower this morning.
Asian stocks and oil fell for a second day after U.S. job growth stalled last month and amid concern Europe’s sovereign-debt crisis will worsen.
US markets are called to open lower.
Events this week
Tuesday: The Institute for Supply Management’ manufacturing report for August will be released at 10 a.m. ET. Economists expect a reading of 51, down from July’ reading of 52.7.
Auto parts retailer Pep Boys (PBY) will report quarterly earnings after the market’ close.
Wednesday: At 7 a.m. ET, the Mortgage Bankers Association will release its weekly report on the number of Americans who filed applications. Last week the figure dropped 9.6%.
Surprising investment safe havens
The Federal Reserve will release its September “Beige Book” at 2 p.m. ET. Investors will be watching, as the book offers a localized and anecdotal account of economic conditions in the United States.
Before the bell, retailer Talbots (TLB) will report. After the close, homebuilder Hovnanian Enterprises (HOV) will release its earnings.
Thursday: The Labor Department will release its weekly initial jobless claims report at 8:30 a.m. ET. Economists expect 400,000 Americans will file new claims for unemployment, after 409,000 were filed in the previous week.
July trade balance figures for the U.S. will be released at 8:30 a.m. ET. The numbers are expected to show a $51.5 billion trade deficit. In June the trade deficit was $53.1 billion.
Also on tap, the Federal Reserve’ July consumer credit report will come out at 3 p.m. ET. The number is expected to fall to $5 billion from $15.5 billion in June.
Friday: July wholesale inventory figures will be released at 10 a.m. ET. Economists expect wholesale inventories rose 0.7%, after rising 0.6% in June, according to Briefing.com
Before the opening bell, retailer Lululemon Athletica (LULU) will report earnings.