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1) U.S. consumer confidence deteriorated unexpectedly in July, dampening optimism over the health of the economy, industry data showed on Tuesday.

In a report, the Conference Board, a market research group, said its index of consumer confidence tumbled to 90.9 this month from a reading of 99.8 in June, whose figure was revised from a previously reported 101.4. Analysts expected the index to rise to 100.0 in July.

2) The euro pulled back from session lows against the dollar on Tuesday as data showing that U.S. consumer confidence deteriorated this month tempered expectations for higher interest rates.

3) U.S. natural gas prices extended gains from the previous session on Tuesday, as investors bet a heat wave making its way across the eastern U.S. will prompt households to ramp up their air conditioning.

4) U.S. homeownership dropped to a record low in the second quarter as more Americans opted to rent, data showed on Tuesday.

The seasonally adjusted home ownership rate fell to 63.5 percent, the lowest since the government started tracking the series, the Commerce Department said. The rate, which peaked at 69.4 percent in 2004, was 63.8 percent in the first quarter.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

Markets are calmer Tuesday as investors regain some poise following a global sell-off triggered by China's stock market crash.

 1) China slide continues

Chinese markets took another step down Tuesday, but the move wasn't nearly as dramatic as Monday when the benchmark Shanghai index dropped by 8.5%, its worst performance in eight years.

On Tuesday, the Shanghai Composite closed down 1.7% after slumping as much as 4% in early trading. The Shenzhen Composite fell 2.2%.

China's regulators have taken a number of steps to prop up prices in recent weeks. Late on Monday, China's top securities regulator said it would buy more stocks in a bid to stabilize the market. But the renewed push lower on Tuesday shows officials are struggling to reduce volatility.

2) Commodities getting cheaper

Prices for crude oil, natural gas and gold are all dipping Tuesday after tumbling Monday.

"For [traders] the equation is very simple, if there is no demand in China, this spells trouble for the commodity market," said Naeem Aslam, chief market analyst at AvaTrade.

3) Global stock market overview

Outside of China, the picture is more positive.

U.S. stock futures are moving up and most European markets are rising in early trading. The U.K. economy picked up speed in the second quarter, growing by 0.7% over the first quarter, and at an annual rate of 2.6%.

On Monday, the Dow Jones industrial average fell 0.7%, the S&P 500 slid 0.6% and the Nasdaq lost 1%.

4) Earnings

There are lots of company earnings to watch this morning. Markets will hear from the likes of Ford (F), Pfizer (PFE), UPS (UPS), Jetblue Airways (JBLU) and GrubHub (GRUB) ahead of the opening bell.

After the markets close, expect reports from companies including Panera Bread (PNRA), Yelp (YELP) and Twitter (TWTR, Tech30).

BP (BP) reported results this morning that came in slightly below expectations. Its shares were edging up by about 1% in London trading, in line with the market.

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What is it? Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity. Survey of about 5,000 households which asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation.

When? At 10:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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What is it? There are 3 versions of GDP released a month apart – Preliminary, Second Estimate, and Final. The Preliminary release is the earliest and thus tends to have the most impact. It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? At 4:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the GBP to rise.

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1) The dollar extended losses against a basket of other major currencies on Monday, despite positive U.S. data on durable goods orders, as sentiment on the greenback remained under pressure ahead of this week's policy statement by the Federal Reserve.

2) Wall Street began the week in the red on Monday and fell sharply on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years.

The Dow Jones industrial average fell to its lowest level in over five months while the Nasdaq composite was at a four-week low and the S&P 500 touched its lowest in more than two weeks.

3) U.S. natural gas prices turned higher after falling to a two-week low on Monday, as market players assessed the outlook for U.S. demand and supply levels.

4) Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing's efforts to stave off a deeper crash into doubt.

Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China's volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that started in mid-June.

5) Teva Pharmaceutical Industries (ARCA:TEVA) has agreed to buy Allergan (NYSE:AGN_pa) Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms.

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