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*
Chinese producer prices in July hit their lowest point since
late 2009, while exports tumbled 8.3 percent, stoking
expectations of more action from the central bank after months
of intervention by authorities to tame its unruly stock market.
* U.S. stocks ended lower on Friday, with the Dow Jones
industrial average closing down for the seventh straight day,
after solid job growth data for July pried the door open a
little wider for a potential interest rate hike by the Federal
Reserve in September.
* The U.S. market has remained range-bound for much of 2015 in
anticipation of the Fed's first rate hike in nearly 10 years.
* With 88 percent of S&P 500 companies having reported
second-quarter results, aggregate profits are estimated to have
increased 1.6 percent, while revenues are projected to have
fallen 3.4 percent, according to Thomson Reuters data.
* With many U.S. companies boosting their earnings per share by
cutting costs and buying back stock instead of by growing their
businesses, stock valuations remain a concern. The S&P 500
trades at 16.6 times expected earnings, higher than its 10-year
median of 14.7.
* Companies scheduled to report results today include Hertz
Global Holdings, Rackspace Hosting, Shake Shack and Dean
Foods.
* Precision Castparts shares jumped 19.9 percent to $232.11
after Warren Buffett's Berkshire Hathaway said it will buy
the aircraft components maker in a deal valued at about $37.2
billion, including debt.
* Rentech Nitrogen Partners soared 21.1 percent to $12.47 after
ammonia maker CVR Partners said it would acquire the nitrogen
fertilizer producer for about $533 million.
(Reporting by Tanya Agrawal in Bengaluru; Editing by Savio
D'Souza)
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