The first trading day of the trading week opens today with investors weighing an Apple (NASDAQ:AAPL) downgrade by Citigroup (NYSE:C) amidst optimism that fiscal cliff negotiations are about to take a turn for the better.
Good morning, this is Kristin Bianco with the Week Ahead Market Report for December 17, 2012.
In overseas trading, Japan's Nikkei 225 Stock Average was higher by about nine tenths of a percent, the Hang Seng was higher by about 0.4 percent. The FTSE 100 was lower by half of one percent and the German DAX was about even.
On the earnings front, expect to hear from AAR (NYSE:AIR) on Tuesday, General Mills (NYSE:GIS) on Wednesday, and Cintas (NASDAQ:CTAS) on Thursday).
In economic news, expect to hear data on housing starts on Wednesday, home sales on Thursday, and durable orders on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.