From Reuters.com

The day ahead: Friday

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A report on personal income in September is expected to show households remain under pressure and the Reuters/University of Michigan consumer sentiment index for October is seen falling.

*  Chevron’s results will get a boost from rising oil prices, but weak refining margins and sluggish demand for natural gas are likely to weigh.

*  Earnings are also expected from Sony, Estee Lauder, Weyerhaeuser and NYSE Euronext.

The day ahead: Thursday

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Consumer spending is in the spotlight with U.S. auto sales and personal income and outlays data expected.

*  Auto sales probably fell in September back to the nearly three-decade lows of early 2009 without government incentives to spur buying.

The day ahead: Friday

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Consumer spending and income data will be closely watched, along with a gauge of consumer sentiment, Tiffany results, and reaction to Apple’s new operating system.

*  July personal income and spending data will provide more clues on the likely durability of any economic recovery. Personal income probably rose  0.2 percent compared with a year earlier after a drop of 1.3 percent the previous month, according to Reuters polling.

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