Investors this week are likely to focus on the news from Egypt and its effect on the global economic recovery.
Good morning, I’m Kristin Bianco, with the “Week Ahead Market Report” for January 31, 2011.
In overseas trading, Japan’s Nikkei 225 Stock Average was lower by nearly 1.2 percent, and the Hang Seng Index was lower by over seven tenths of a percent. The FTSE 100 was lower by about a third of a percent, while the German DAX was also lower by about a third of a percent. In the US, the Dow is higher by about a quarter percent, while the Nasdaq is also up about a quarte rpercent and the S&P is higher by a half percent.
Data due to be released this week includes Construction Spending and Auto Sales on Tuesday, the ADP Employment Report on Wednesday, jobless claims on Thursday, and the Unemployment Rate on Friday, along with the average workweek and hourly earnings.
On the earnings front, expect to hear from Allegheny Energy (ANE) on Monday, Aflac Incorporated (NYSE:AFL) on Tuesday, Assurant (NYSE:AIZ) on Wednesday, Apollo Investment Corporation (NASDAQ:AINV) on Thursday, and Aetna (NYSE:AET) on Friday.
Join us on Friday for the “Weekly Market Wrap” and have a wonderful week.
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