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Eli Lilly will disclose second-quarter earnings before markets open. Investors will closely watch for any changes to the drugmaker's sales and profit forecast, after Danish rival Novo Nordisk's recent guidance cut. Performance of its blockbuster diabetes and obesity drugs, Mounjaro and Zepbound, will be in focus.ConocoPhillips is expected to post a drop in second-quarter profit from a year earlier, hit by weaker crude prices. Investors will be watching for production figures following its deal to acquire Marathon Oil, a move that boosts its presence in key U.S. shale basins. The market will also look for commentary on its capital spending, progress toward reducing debt and shareholder returns plan, amid a volatile commodity environment.On the economic calendar, the U.S. Labor Department is expected to report that initial claims for unemployment benefits likely rose by 3,000 to 221,000 for the week ending August 2. Continued jobless claims for the week that ended July 26 are expected to increase slightly to 1.95 million from 1.946 million in the previous week.Atlanta Fed President Raphael Bostic is scheduled to participate in a chat on monetary policy hosted by the Florida Institute of CFOs. (1000/1400)Warner Bros Discovery is expected to see a jump in studio revenue during the second quarter, thanks to blockbuster hits driving substantial growth at the media giant.Utility Constellation Energy is expected to report a fall in the second-quarter profit, as it could be hurt by higher operating and interest expenses. Investors are expecting further commentary on the Calpine acquisition, load growth improvements, data center information and rate cases, if any.Tylenol maker Kenvue is expected to report second-quarter results before markets open. Investors are expected to look for any changes to the company's annual forecast as well as comments from the company's newly appointed CEO.Ralph Lauren is expected to post a rise in first-quarter revenue as demand for its polo shirts and denims remains resilient despite a broader slowdown in luxury spending. Investors will look out for comments on product sourcing strategy, impact of tariffs, extent of price hikes and any impact on margin and future demand.Electric utility Consolidated Edison is expected to report a rise in second-quarter profit compared with a year ago, helped by higher power demand, retail sales and electricity rates.Power producer Talen Energy is expected to report a second-quarter loss compared with a year ago, as it could be hurt by higher operating and interest expenses. Investors are expecting commentary on load growth improvements, data center information, and any other natural gas deals.Pinterest is expected to report the slowest revenue growth in the second quarter in more than a year. Investors will be looking for commentary about advertising spending on the social media platform, especially from Asia-based ecommerce retailers.Peloton is set to report fourth-quarter results, with investors eyeing updates on its shift toward software and growth in subscription numbers. They will also be looking for any signs of recovery in demand for their high-end fitness equipment.Take-Two Interactive is expected to report a rise in first-quarter revenue as it benefits from steady spending on its core multiplayer titles, but investors will be looking at the second-quarter forecast for indications of demand for the company's upcoming titles, including new Mafia and Borderlands games. They will also be looking for any commentary on Grand Theft Auto VI.Live Nation Entertainment is expected to report higher second-quarter revenue, driven by growing demand for live concerts.Payments firm Block is expected to report a dip in second-quarter profit, on lower spending growth and a drop in bitcoin revenue.In Canada, data for July's economic activity, as measured by Ivey PMI, is due to be released. The seasonally adjusted index rose to 53.3 in June.Restaurant Brands International is expected to post a rise in second-quarter revenue, helped by improving demand for its brands, including Tim Hortons. Investors will look for comments related to the impact of rising economic uncertainty on consumer sentiment, the impact of input costs as well as annual forecasts.In Latin America, Brazil's IGP-DI inflation index for July is expected to show a decline of 0.18%, after falling 1.8% in June. Meanwhile, Mexico's headline inflation is expected at 3.53% in the 12 months through July, down from 4.32% in June, while core inflation is expected at 4.23%, from 4.24% previously. The country's producer prices data is also due to be released. In Chile, the trade surplus for July is likely to be at $525 million, down from $1.33 billion in the prior month.LIVECHAT-REUTERS GLOBAL MARKETS FORUMEQUITIES WATCH with Reuters market correspondents in London and New York (1000/1400) To join the conversation, click here

(Compiled by Sameer Kulkarni; Edited by Vijay Kishore)