Stock down, Credit Card delinquecy rate up, Barclays sell BGI to BlackRock

Wall Street was set for a lower open Monday following declines in Europe and as investors look to take a pause in a three-month rally. Stock futures fell. Major European markets all fell by more than 1 percent. In afternoon trading, Britain's FTSE 100 fell 1.4 percent, Germany's DAX index declined 1.7 percent, and France's CAC-40 dropped 1.6 percent. Only Japan's Nikkei stock average rose 1 percent. The dollar rose against other major currencies, while gold prices fell.

The delinquency rate jumped to 1.32 percent this year, from 1.19 percent in the first three months of 2008. The average total debt on bank cards also rose, jumping to $5,776 from $5,548 last year. Depending on the impact of economic stimulus programs and the effects of unemployment, TransUnion said the rate of increase could taper off early next year, but the peak is not likely to be reached until late 2010 or early 2011.

Barclays Plc is in talks to sell Barclays Global Investors (BGI), the British bank said on Monday, with U.S. fund manager BlackRock the frontrunner to land the asset manager for about $12 billion.