Q4 Earnings, Builder Confidence, Housing Starts, PPI
Equities are mixed around the globe but clearly downward in the US. Following a 3-day weekend, one hour before the opening bell, Dow futures are off 28 points to 10,535 and S&P 500 futures are down 4.00 points to 1128.30.
Commodities are also weaker with WTI Crude oil down 64 cents to $77.36 per barrel and Gold down 3.30 cents to $1130.40.
The week ahead is relatively light on data but financial markets will be active as the Q4 earnings season speeds up.
Kicking off Tuesday is the earnings report from Citigroup. Wednesday will see results from rivals Morgan Stanley, Bank of America, and Wells Fargo. Thursday will see Goldman Sachs.
Economists from BMO Capital Markets note that equity investors “have reacted negatively to recent reports and appear to have set a high bar for further near-term advances, awaiting clearer signs of a sustained economic recovery and declining consumer delinquencies.”
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