Markets Are In The Red

The Dow and S&P are each down a little under half a percent.

This week's big market moving events include the July jobs report, the ISM manufacturing index release, and revisions to R&D as an investment category in the GDP data going back to 1929.

Also, we have monetary policy meetings at the Federal Reserve, the European Central Bank, and the Bank of England.

"Risk events are set to pick up dramatically, threatening the summer lull," says Société Générale head of rates and forex strategy Vincent Chaigneau.

Meanwhile, Nikkei futures are sliding in Japan in the wake of Monday's sell-off. Here's a look at the move via FinViz.com.