NEW YORK (

TheStreet

) -- U.S. stock futures were suggesting Wall Street would open lower Thursday amid signs of a slowing global economy.

European stocks were trading lower as German unemployment in August rose for a fifth straight month. Asian shares ended Thursday's trading session with losses after Japan posted a larger-than-expected 0.8% drop in retail sales in July. Japan's Nikkei finished 1% lower to 8,983.78.

The economic calendar in the U.S. Thursday includes weekly initial and continuing jobless claims at 8:30 a.m. EDT, and personal income and spending for July at 8:30 a.m.

U.S. stocks

on Wednesday closed with slight gains after the

Federal Reserve's

Beige Book report found the U.S. economy grew "gradually" last month.

The

Dow Jones Industrial Average

rose more than 4 points, or 0.03%, to finish at 13,107.48, snapping a two-day losing streak.

British bank

Barclays

(BCS) - Get Report

named Antony Jenkins, head of its retail and business banking operations, as its new CEO. He replaces Bob Diamond, who resigned in the wake of the Libor rate-fixing scandal.

Pandora

(P)

, the streaming music company, posted

break-even results

for its fiscal second quarter on Wednesday and provided strong guidance.

Ciena

(CIEN) - Get Report

is scheduled to report fiscal third-quarter results before Thursday's opening bell and analysts expect a loss of 2 cents a share in the July-ended quarter from the optical networker on revenue of $473.9 million.

Other companies reporting earnings Thursday include

OmniVision Technologies

(OVTI)

,

Splunk

(SPLK) - Get Report

, and

Zumiez

(ZUMZ) - Get Report

.

Retailers will be reporting same-store sales throughout Thursday. Thomson Reuters is forecasting overall growth of 2.1% for August, down from an increase of 4.8% last year.

Thomson Reuters projects that

Zumiez

(ZUMZ) - Get Report

,

Gap

(GPS) - Get Report

and

Macy's

(M) - Get Report

to post positive surprises.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

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