Investors are ringing in the new trading week cautiously and are likely to spend the week focusing on the outcome of a meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel regarding Europe's ongoing debt issues.
Good morning and Happy New Year, this is Sayoko Murase with the Week Ahead Market Report for Monday January 9, 2012.
In overseas trading, Japan's Nikkei 225 Stock Average was lower by nearly 1.2 percent, and the Hang Seng Index was higher by about 1.5 percent.
The FTSE 100 was was higher by about 0.11 percent, and the German DAX was lower by about 0.06 percent.
In the US, markets are looking to trade higher this morning.
Some key data due to be released this week includes consumer credit on Monday, wholesale inventories on Tuesday, initial claims on Wednesday, and export prices on Friday.
On the earnings front, expect to hear from China Technology Development Group (CTDC) on Tuesday, Dynacq Healthcare¬† (DYII) on Wednesday, Sky-mobi¬† (MOBI) on Thursday, and JP Morgan Chase (NYSE:JPM) as well as Pure Cycle (NASDAQ:PCYO) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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