For more like this, sign up to Money Morning, our free daily email.
This morning in the UK we get a glut of corporate news.
Companies reporting include troubled money printing group De La Rue. The company – which prints bank notes for the Bank of England and also for many other European countries – has issued two profit warnings this year alone.
Turnaround specialist Clive Vacher was hired as chief executive last month and investors will be looking for evidence of a feasible recovery plan emerging from his promise to conduct a detailed review of the business.
Other companies reporting include catering giant Compass, tiling retailer Topps Tiles, and food producer Cranswick.
Over in the US, we get the latest data on the housing market. Interest rate cuts have driven down mortgage rates, which in turn has given the housing market a boost in recent months. Builders are throwing up more properties, and the latest Case-Shiller index on house prices is likely to show that they have risen modestly in the past year.