LONDON (ShareCast) - US markets are seen lower as investors wait for data on the housing and manufacturing industry.
The Institute for Supply Management is due to report that US manufacturing grew to 50.5 in August, compared with 48.9 in July.
Also
out is the US home sales data, which is forecast to rise in July, and Construction spending, which is seen flat in June.
Across the markets, the Dow Jones (news) is expected to fall 52 points to 9,434 with the Nasdaq (NASDAQ: news) seen 6 points lower to 1618. The S&P 500 is due down 4 points.
In company news, automakers will release results for August, expected to show a rise in the month thanks to the government's cash for clunkers program.
Online auction site eBay is expected to sell its internet call business Skype to a group of private investors, according to the News York Times. The newspaper said the price was not disclosed but eBay is looking for around $2bn.
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