US SELL-OFF: Asian stocks are LOWER after U.S. markets had their worst day in months. Factors include weak corporate earnings from big companies such as
ECONOMIES IN FOCUS: Investors will get more clues about the state of the global economy with the release of a raft of economic reports later in the day, starting with manufacturing data for major eurozone economies. After that, reports are expected on U.S. employment, consumer spending and sentiment, construction spending and manufacturing. The forecast for the much scrutinized employment report is that U.S. employers added 225,000 jobs in July and that the unemployment rate remained at 6.1 percent, the lowest since 2008. In June, the economy added 288,000 jobs.
WALL STREET: The Dow Jones industrial average fell 1.9 percent to 16,563.30, its worst one-day drop since February. The S&P 500 dropped 2 percent to 1,930.67, its biggest loss since April. The Nasdaq composite fell 2.1 percent to 4,369.77.
LOW ENERGY: Benchmark U.S. crude for September delivery slipped
CURRENCIES: The euro drifted down to
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