German Business Index, U.S. GDP Update on Tap

After a busy week for news from the world's top central banks, traders and investors will shift attention to economic readings and the flagging profit performance from major U.S. corporations, Live Squawk said in a weekly preview.

Closely-watched economic numbers coming next week include Germany's monthly IFO Business Climate index, which investors will examine for confirmation of stronger signals in other sentiment gauges from Europe's largest economy earlier in September.

In the U.S., second-quarter Gross Domestic Product growth is expected to be revised lower from a 1.7% annual rate in a previous estimate, although analysts foresee improvement in the Conference Board's monthly Consumer Confidence index.

On the earnings front, following disappointing results from companies such as Adobe Systems and FedEx, investors "will be keen to see if major companies continue the trend of poor numbers and weaker guidance," Live Squawk said. U.S. companies scheduled to report quarterly results include homebuilder Lennar Corp., cruise ship operator Carnival Corp. and Discover Financial Services.

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