The US markets are expected to open flat on Monday as very little economic or corporate data was released this morning. Investors will be looking for the markets to bounce back this week after seeing equities decline for the past two weeks.
Good morning this is Tracey Fitzpatrick with the Week Ahead Market Report for August 19, 2013.
In overseas trading, Japan's Nikkei 225 Stock Average was higher by 0.8% overnight while the Hang Seng fell by 0.2%. The FTSE 100 was modestly lower by 0.4% this morning and the German DAX was lower by about 0.2%.
On the earnings front, Best Buy (NYSE:BBY) and BHP Billiton (NYSE:BHP) report on Tuesday, Eaton Vance (NYSE:EV) and JM Smucker (NYSE:SJM) report on Wednesday, and Abercrombie & Fitch (NYSE:ANF) reports on Thursday.
On the economic front, Existing Home Sales are reported on Wednesday, Initial Jobless Claims are released on Thursday and New Home Sales are reported on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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