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*
Wall Street closed lower on Friday following poor results from
Exxon Mobil and Chevron and a decline in oil prices amid
oversupply concerns.
* Oil prices hit six-month lows earlier in the day, knocked by
fresh evidence of growing oversupply and data highlighting
slowing demand in China, leaving crude prices on course for
their weakest third-quarter performance since the financial
crisis in 2008. [O/R]
* The Greek stock market slumped when it reopened on Monday
after being shut for five weeks.
* In the United States, consumer consumption numbers for June
are expected at 8:30 a.m. ET (1230 GMT). The numbers are
expected to rise 0.2 percent, compared with a 0.9 percent rise
in May.
* Construction spending data for June is expected at 10 a.m. ET
and automobile sales for July are scheduled to be released at
1:30 p.m. ET.
* Investors have been keeping a sharp eye on economic data for
clues regarding the timing of the first rate increase in nearly
a decade. The U.S. Federal Reserve has said it will hike
interest rates only when it sees a sustained recovery in the
economy.
* On Friday, wage data showed that U.S. labor costs in the
second quarter recorded their smallest increase in 33 years,
which bolstered expectations that the Fed might hold off on an
interest rate increase until December.
* Companies scheduled to report on Monday include American
International Group, Allstate and General Growth Properties. All
of them report after the close.
* With more than half of the S&P 500 companies having reported
their second-quarter results, analysts expect overall earnings
to edge up 0.9 percent and revenue to decline 3.3 percent,
according to Thomson Reuters data.
* Nice Systems <NICE.O> rose 1 percent to $65.15 after the
Israeli software provider agreed to sell its video surveillance
technologies unit to private equity firm Battery Ventures.
Futures snapshot at 7:22 a.m. ET:
* S&P 500 e-minis were down 0.5 points, or 0.02 percent,
with 115,667 contracts traded.
* Nasdaq 100 e-minis remained unchanged, on volume of 17,056
contracts.
* Dow e-minis were up 8 points
(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)
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