At 8:15 a.m. futures are flat, the dollar is mixed, and oil is up.
The investment journalists are talking the same points for the past several days. Recapping that would be the insolvency issues in Europe with Portugal and Spain next up for crisis status. After that comes the economic reports on the American consumer due out this week and culminating in the monthly government report on employment due out Friday. At some point this whole Black Friday holiday season consumer spending meme will bust through as well.
That's about it, except for the surprise ameliorating factor that always raises its head during the day. Offering my value free and pointless take on it all, I would say the market has the potential for slight gains today. I do regret writing that...
CNN: Stocks' open seen little changed
European officials on Sunday announced an €85 billion bailout of Ireland and its banks.
Portugal has emerged as the next likely candidate for a bailout, while investors are particularly worried about the outlook for Spain -- one of the EU's largest economies.
On Friday, the government will issue its monthly jobs report.
Oil for January delivery increased 66 cents to $84.42 a barrel.
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