Investors will be digesting news from Europe this week, after an agreement on a 130 billion euro bailout was reached forcing Greece to accept unpopular fiscal measures, and private sector bondholders agreeing to larger losses.
Good morning, this is Sayoko Murase with the Week Ahead Market Report for February 21, 2012.
In overseas trading, Japan's Nikkei 225 Stock Average was lower by about two tenths of a percent, and the Hang Seng Index was higher by about a quarter of a percent.
The FTSE 100 was lower by about three tenths of a percent, and the German DAX was lower by about six tenths of a percent.
Some key data due to be released this week includes the MBA Mortgage Index on Wednesday, initial claims on Thursday, and new home sales on Friday.
On the earnings front, expect to hear from American Railcar Industries (NASDAQ:ARII) on Wednesday, American International Group (NYSE:AIG) on Thursday, and Bluefly (BFLY) as well as EW Scripps (NASDAQ:SSP) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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