* U.S. shares are set to fall on Monday, with futures for the Dow Jones DJc1, S&P 500 SPc1 and Nasdaq NDc1 down 3, 3.9 and 3.7 percent, respectively, at 0954 GMT.
* U.S. stocks slumped to a 5-1/2 year low on Friday in a worldwide sell-off with investors cashing out of stocks as signs mounted that the global economic slowdown could be deeper than feared and the corporate profit outlook darkened.
* The sell-off continued in Asia on Monday, with Japan's Nikkei 225 .N225 falling to its lowest close in 26 years. The FTSEurofirst 300 index of European shares fell 4.6 percent.
* The Group of Seven warned on Monday the surging yen posed a threat to financial and economic stability, the latest coordinated effort by the world's richest nations to curb the worst financial crisis in 80 years.
* Third-quarter earnings are due from companies including telecoms firm Verizon VZ, Plum Creek Timber PCL, CF Industries CF, Lorillard LO, FPL FPL, Loews L and Fidelity National Information FIS.
* The Commerce Department will issue single-family home sales, and building permit revisions for September at 1400 GMT.
* Midwest manufacturing data for September is due at 1600 GMT. (Reporting by Brian Gorman; Editing by Quentin Bryar)
Posts
No comments:
Post a Comment