Investors will be ringing in the new holiday shortened trading week cautiously assessing the impact of the S&P European downgrades.
Good morning and Happy New Year, this is Sayoko Murase with the Week Ahead Market Report for Tuesday January 17, 2012.
In overseas trading, Japan's Nikkei 225 Stock Average was higher by about 1 percent, and the Hang Seng Index was higher by about 3.24 percent.
The FTSE 100 was was higher by about 0.78 percent, and the German DAX was higher by about 1.77 percent.
In the US, markets are looking to trade lower this morning.
Some key data due to be released this week includes PPI on Wednesday, CPI and housing starts on Thursday, and existing home sales on Friday.
On the earnings front, expect to hear from CVB Financial (NASDAQ:CVBF) and eBay on Wednesday, American Express (NYSE:AXP) and Bank of America (NYSE:BAC) on Thursday, and Colony Bankcorp (NASDAQ:CBAN) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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