Investors start off this Halloween 2011 trading session this Monday morning on a sour note after the U.S. dollar shot up to a three-month high against the yen following an intervention by Japan's government to curb the yen's appreciation, which is negatively impacting the export-based economy.
Good morning, this is the Week Ahead Market Report for October 31, 2011.
In overseas trading, Japan's Nikkei 225 Stock Average was lower by about seven tenths of a percent, and the Hang Seng Index was higher by about eight tenths of a percent.
The FTSE 100 was was lower by about 1.5 percent, and the German DAX was lower by about 2.3 percent.
In the US, markets are sharply lower in early morning trading.
Some key data due to be released this week includes construction spending on Tuesday, crude inventories on Wednesday, inital claims on Thursday, and the unemployment rate on Friday.
On the earnings front, expect to hear from American Capital (NASDAQ:ACAS) on Tuesday, Centerpoint Energy (NYSE:CNP) on Wednesday, Argo Group International Holdings (NASDAQ:AGII) and Ascent Solar Technologies (NASDAQ:ASTI) on Thursday, and Genpact (NYSE:G) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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