LONDON (ShareCast) - US markets are seen slightly lower ahead of data on personal spending and consumer sentiment.
The Commerce Department is expected to report a 0.3% modest rise in May spending after a 0.1% decline in April. Income is expected
to have risen 0.3%, after rising 0.5% in April.
Across the markets, the Dow Jones (news) is seen down 18 points to 8396 with the Nasdaq (NASDAQ: news) 4 points lower at 1468. The S&P 500 is expected to start flat.
Financial stocks could be in focus after UBS AG (Virt-X: UBSN.VX - news) said it expects to raise $3.5bn and forecast a loss for the second quarter.
Meanwhile, homebuilder KB Home (NYSE: KBH - news) is to report fiscal second-quarter earnings, expected to lose 64 cents per share, compared with a loss of $3.30 per share a year earlier.
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