*Stocks indexes in Asia were little changed on the session. Shanghai gained a half percent, the Hang Seng was unchanged, Australia lost a fraction and the Nikkei fell a half percent. European indexes are generally higher, with the Dax and Footsie both holding gains of a half to three quarters of a percent respectively. US stock futures are up about a half percent .
*The June reading of Japan’s Retail Sales was +0.4% on a month on month basis, matching the estimate.
*The July reading of Germany’s Unemployment Rate was down one tenth from the month before to 7.6%, as expected. The net change in the number of unemployed was -20k, also hitting the forecast on the nose.
*UK house prices fell 0.5% in July from June, according to Nationwide; this was a slightly bigger decline than forecast and the +6.6% year on year house price gain was also below the estimate.
*In June there were 47.6k UK mortgage approvals, according to the Bank of England, a result that was just short of the expectation.
*A Moody’s analyst in a Dow Jones News interview overnight said the US needs to provide a credible plan in coming years to address its rising deficit in order to maintain its Aaa rating.
*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 460k.
*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is forecast to show an increase of 34 bcf.
*The Treasury plans to sell $29 billion 7 Year Notes today, the results will be announced just after noon CDT.
*Dallas Fed boss Fisher is scheduled to talk about the economy at 12:20pm CDT.
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