Stocks are challenged to hold their ground, and will have a tough time breaking out of the bear's hold this month.
Euro zone producer prices jumped in July on surging oil prices, data showed, but less than expected by markets watching for signs of easing inflationary pressure that would make room for an ECB rate cut.
Wall Street will get back to business fast Tuesday as it assesses the aftermath of Hurricane Gustav and starts to consider the first of a number of important economic reports this week.
The dollar rose on Monday to its highest this year against a basket of major currencies, boosted by a sharp fall in oil prices, while sterling extended its recent slide and fell to new record lows against the euro.
China's manufacturing sector contracted for the second straight month in August, an official survey showed, but a dramatic easing in input price pressures offered some relief.
Indonesia's central bank governor said he would "do whatever it takes" to bring annual inflation below 10 percent in 2009, from 11.9 percent in July, as elections next year will ensure strong economic growth.
Gustav has unfurled a wall of worry for stocks in the week ahead.
The U.S. dollar rallied against a currency basket Friday, on track for its best monthly gain in nearly 16 years, boosted by a batch of data showing a far more stable growth path for the United States than the rest of the world.
Neither of the two contenders for president understands the economy and they are likely to cause more problems than they would solve, investor Jim Rogers, CEO of Jim Rogers holdings, told "Squawk Box Europe" on Friday.
The head of the European Central Bank should be running the Federal Reserve because he is doing a better job at protecting his economy, investor Jim Rogers, CEO of Rogers Holdings, told "Squawk Box Europe" on Friday.
Ding, dong Dell. The computer marker's after hours earnings miss could put a dent in tech in Friday's quiet, pre-holiday session.
Japanese inflation hit a new decade-high in July, topping market expectations and reinforcing views that high oil and food prices are dealing a blow to consumers as Japan faces a likely recession.
Thursday's markets will be quiet, but there are a few important undercurrents investors are watching.
Thunder rolled across Las Vegas in a sudden downpour Monday, a literal representation of the perfect storm that has rocked Sin City.
The continuing federal bailout of Wall Street is undermining prospects that the next administration will tackle one of the nation's biggest education problems — that higher education effectively excludes some 400,000 academically qualified students every year.
Stocks could slog around again Wednesday as the final days of summer fade and trading volume fades away as well.
Below is the minutes released by the Federal Open Market Committee after its July 24 meeting on interest rate policy:
Most Fed officials thought interest rates weren't too low at the August meeting, but they also expected their next move would be to boost rates, minutes show.
Americans' confidence in the economy has gotten a better-than-expected boost in August amid lower prices at the gas pump.
As U.S. Fed chiefs met in Jackson Hole, Wyoming to discuss ways of preventing another credit crisis, CNBC's Steve Liesman asked top economic minds for their insight on the government's actions.