The US markets were relatively flat this morning as many expect volumes to be muted over the last two days of the year. In notable news this morning, Cooper Tires (NYSE:CTB) has official terminated its buyout agreement with Apollo Tyres and Blackstone (NYSE:BX) has purchased a $200 million stake in footwear maker Crocs (NASDAQ:CROX).
Good morning this is Kristin Bianco with the Week Ahead Market Report for December 30, 2013.
In overseas trading, Japan's Nikkei 225 Stock Average gained 0.7% and the Hang Seng was flat overnight. In Europe on Monday, the FTSE 100 was lower by 0.4% so far and the German DAX is lower by the same amount today.
In economic news, initial jobless claims are released on Thursday while crude inventories and auto sales are released on Friday.
In earnings news this week, National American University Holdings (NASDAQ:NAUH) reports on Wednesday, Resources Connection (NASDAQ:RECN) reports on Thursday and Lindsay Corp (NYSE:LNN) reports 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.