*Stocks in Asia were mixed overnight. The Nikkei led the way with a gain of 1.7% and Australia added a half percent, but the Hang Seng was unchanged and Shanghai lost two thirds of a percent. European indexes are generally higher; the Dax is currently up two thirds of a percent and the Footsie is up 0.4%. US stock futures are essentially unchanged.
*The June reading of German Factory Orders were more than twice as strong as forecast with a monthly gain of 3.2%.
*The Bank of England kept their benchmark interest rate steady at 0.5%, as expected.
*The ECB also stood pat on rates leaving their key rate at 1.00%. ECB boss Trichet will tell us all about it when he begins his press conference at 7:30am CDT.
*US chain stores are reporting their July same-store sale results this morning, some of the early returns include: Stein Mart -2.6%, Limited Brands +12%, The Wet Seal -4.3%, The Buckle -9.3% and The Bon-Ton Stores -0.3%.
*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 455k.
*The weekly report on inventories of Natural Gas is due out at 9:30am CDT, it is forecast to show an increase of 31 bcf.
*San Francisco Fed boss Yellen is scheduled to give some opening remarks at a hearing on the Home Mortgage Disclosure Act at 10:30am; she is not likely to comment on the economy or monetary policy.
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