About a quarter of the S&P 500 companies report, but the emphasis will be on what goes on in Washington. So far, nearly 20 percent of the S&P 500 has reported and 78 percent of those companies have beaten estimates, according to Thomson Reuters. Yet, stocks ignored the positives and sold off in the worst selling spree since the market bottomed in early March.
Obama's bank proposal, Bernanke's re-appointment, Portugal's budget presentation on Tuesday and any new tightening measure from China.
In particular markets could very volatile on Tuesday on Portugal's budget deficit and Bernanke's reappointment vote.
Monday: Australia PPI; German Gfk consumer sentiment; US existing home sales
Tuesday: BoJ rate decision; German Ifo business climate; UK Q4 GDP; US consumer confidence, house price index, Bernanke confirmation vote
Wednesday: Australia CPI; US new home sales, FOMC rate decision; RBNZ rate decision
Thursday: Eurozone confidence indicators; US durable goods
Friday: Japan CPI, unemployment rate; Eurozone M3, CPI; Swiss KOF; Canada GDP; US Q4 GDP
See Calendar
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