(As of 7:20 am PST)
Markets are seesawing around the unchanged line at the open of Monday's session as traders returned to their desks after suffering one of the worst starts to a new year in history last week. US indexes are showing some resiliency early, holding on to some early morning gains despite another major hit to Chinese markets over night. China's Shanghai index shed another 5% Monday leading all Asian benchmarks lower. European stocks look poised to snap a week long losing streak. Oil is continuing to weigh on the energy sector with the price of crude falling 2% today under $32.50 per barrel. It is a light
economic reporting week with the only potential market moving news due out Friday when December retail sales reports are set to hit. This week marks the unofficial start to Q4 earnings season which should provide
the markets a needed distraction and hopefully a lift from the dismal headlines dominated by China and energy.
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