Early indications suggest that Wall Street stocks may open Tuesday’s session lower, as risky assets continue to tumble. Chinese shares pulled back steeply as the yuan weakened, triggering an across-the -board weakness in Asia. The European markets are trading mostly lower, with the U.K. market experiencing notable weakness in reaction to reports showing a pick up in inflation, which has served to trigger rate hike worries. Commodities continue to be sold off and the dollar is firmer against most currencies, although the pound is seeing an upward bounce in reaction to domestic inflation data. The domestic market may also stay tuned to the housing starts report for July and earnings reports from retailers such as Wal-Mart (WMT), Home Depot (HD) and TJX Companies (TJX).