Investors will be digesting corporte earnings reports the entire week for signs of a sustained economic recovery.
Good morning, I'm Sayoko Murase, with the Week Ahead Market Report for April 25, 2011.
In overseas trading, Japans Nikkei 225 Stock Average was lower by about a tenth of a percent, and the Hang Seng Index was higher by about one percent.
The FTSE 100 was about even, while the German DAX was higher by about six tenths of a percent. In the US, the markets are flat in early trading.
Key data due to be released this week includes new home sales on Monday, consumer confidence on Tuesday, and personal spending on Friday.
On the earnings front, expect to hear from Ford Motor (NYSE:F), Coca-Cola (NYSE:KO), and Exxon Mobil (NYSE:XOM). This morning, annoucements were made by Johnson Controls (NYSE:JCI), which announced that rising commodity costs were resulting in lower margins, despite beating analyst estimates, and RadoioShack (RSH), which missed estimates also amid rising costs.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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