The US markets were headed higher on Monday morning after news broke over the weekend that Larry Summers had withdrawn his name from consideration as a candidate to replace Ben Bernanke as Chairman of the Federal Reserve.
Good morning this is Sayoko Murase with the Week Ahead Market Report for September 16, 2013.
In overseas trading, Japan's Nikkei 225 Stock Average was closed for trading while the Hang Seng gained just about 1.5% overnight. In Europe on Monday, the FTSE 100 was higher, gaining 0.7% and the German DAX advanced by 1.2% today.
On the earnings front, Adobe (NASDAQ:ADBE) reports on Tuesday afternoon, FedEx (NYSE:FDX) and General Mills (NYSE:GIS) report on Wednesday morning and Rite Aid (NYSE:RAD) reports on Thursday morning.
On the economic front, investors will received CPI data on Tuesday, housing starts on Wednesday and initial jobless claims on Thursday.
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.