(as of 7:15 AM PST)
Once again international markets are leading the way. Asia is mostly up with the Shanghai market rising 3% on talk of more economic stimulus in China. Europe is up on strengthening economic indicators and reports of easing financial pressure from Greece. US markets are up across the board by about 1/2 percent. This week will be a huge week for corporate earnings with 160 of the S&P 500 companies reporting. The most influential report comes after market close today when Apple reports. Apple usually surprises to the upside and its stock is surging this morning in anticipation. Later this week the FOMC (Federal Open Market Committee) meets to discuss when to start raising interest rates. That meeting usually moves the market, sometimes significantly. All in all, it looks be a very busy week with lots of news to digest.
No comments:
Post a Comment