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Wall Street To Open Red As Investors Look Ahead To JOLTS Report

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The investors are looking for the July job openings or JOLTS report projected to increase from June total, signaling demand in labor.

Asian shares ended mixed, while European shares are on a negative bias.
Initial trading on U.S. Futures Index suggest that Wall Street might open red.

As of 7.55 am ET, the Dow futures were losing 105.00 points, the S&P 500 futures were down 6.75 points and the Nasdaq 100 futures were declining 20.00 points.

U.S. stocks closed mixed on Monday. The Dow edged down 59.47 points or 0.2 percent to 25,857.07, the Nasdaq rose 21.62 points or 0.3 percent to 7,924.16 and the S&P 500 inched up 5.45 points or 0.2 percent to 2,877.13.

On the economic front, Redbook Data, a weekly measure of comparable store sales at chain stores, discounters, and department stores, will be published at 8.55 am ET. The prior week's Store Sales were up 6.5 percent.

The Labor Department's Job Openings and Labor Turnover Survey or JOLTS report for July will be issued at 10.00 am ET. The consensus is for 6.670 million, up from 6.662 million last month.

Three Year Note auction will be held at 1.00 pm ET.

In the corporate sector, Lufthansa Group reported 8.2 percent increase in August 2018 available seat kilometres over the previous year. Sales increased by 8.7 percent. Seat load factor increased by 0.5 percentage points to 86.4%. In August 2018, the Lufthansa Group airlines welcomed around 13.8 million passengers, an increase of 10.0 percent compared to the previous year's month.

Asian stocks ended mixed on Tuesday. China's Shanghai Composite index slid 4.68 points or 0.18 percent to 2,664.80. Hong Kong's Hang Seng index dropped 187.86 or 0.71 percent to 26,425.56.

Japanese shares rose the most in four weeks. The Nikkei average climbed 291.60 points or 1.30 percent to 22,664.69, marking its biggest single-day gain since Aug. 14. The broader Topix index closed 0.67 percent higher at 1,698.91.

Australian markets rose notably to snap an eight-session losing streak, with banks and energy companies pacing the gainers. The benchmark S&P/ASX 200 index rose 38 points or 0.62 percent to 6,179.70 while the broader All Ordinaries index ended up 37.90 points or 0.61 percent at 6,287.60.

European shares are trading down, France's CAC 40 is declining 19.44 points or 0.37 percent. Germany's DAX is down 79.52 points or 0.66 percent. FTSE 100 of U.K. is losing 48.53 points or 0.67 percent. Swiss Market Index is down 22.67 points or 0.25 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is declining 0.51 percent.

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