Investors are ringing in the new trading week on a sour note on due to ongoing fears about European countries' indebtedness and a cut in earnings outlook by Intel (NASDAQ:INTC).
Good morning, this is the Week Ahead Market Report for Monday December 12, 2011.
In overseas trading, Japan's Nikkei 225 Stock Average was higher by nearly 1.4 percent, and the Hang Seng Index was lower by about 0.06 percent.
The FTSE 100 was was lower by about 1.65 percent percent, and the German DAX was higher by about 2.84 percent.
In the US, markets are sharply lowerthis morning.
Some key data due to be released this week includes retail sales and business inventories tomorrow, import and export prices on Wednesday, jobless claims on Thursday and the Consumer Price index on Friday.
On the earnings front, expect to hear from ABM Industries (NYSE:ABM) on Tuesday, Recon Technology (NASDAQ:RCON) on Wednesday, Bioanalytical Systems (NASDAQ:BASI) on Thursday, and Darden Restaurants (DRDN) as well as interCLICK (ICLK) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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