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Market News


European Markets

The opening calls are flat.

Asian Markets

Indices are trading lower in the current session.

 

US Markets

U.S. stocks trimmed earlier losses by more than half Monday afternoon, amid hopes that Greece may avoid a default. But the uncertainty over the debt-laden nation’ future still ended the market’ 5-day winning streak.

Events this week

Tuesday: The Federal Reserve begins its two-day interest rate policy setting meeting with a decision expected Wednesday afternoon.

Auto retailer AutoZone and consumer food company ConAgra report their earnings before the bell.

Tech companies Adobe Systems and Oracle report earnings after the bell.

In economic data, Wall Street will get August housing starts and building permits from the Commerce Department at 8:30 a.m. ET.

Wednesday: The Mortgage Bankers Association will release its index of mortgage applications for the week ended September 17.

The National Association of Realtors will release their August existing home sales data as well.

The weekly crude oil inventories report is also due in the morning.

Before the bell, General Mills will report quarterly results. After the bell retailer Bed Bath & Beyond will report results.

Thursday: The Labor Department issues its weekly jobless claims data at 8:30 a.m. ET. Economists surveyed by Briefing.com expect weekly jobless claims rose to 417,000 claims last week compared with 428,000 claims reported the prior week.

The Federal Housing Finance Agency releases its July home price index after the start of trading.

The Conference Board’ index of leading economic indicators is due in the morning. The index is expected to have risen 0.1% in August after having risen 0.5% in July, according to a consensus of economists surveyed by Briefing.com.

FedExand Rite Aid will report results ahead of the opening bell. Sports apparel company Nike will report results after the bell.

Friday: There are no major economic events. Homebuilder KB Home will report results before the open.