SamTrader1
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ECONOMIC NEWS
A growing belief that the US economy may be headed towards a double dip recession gave the stock market its fourth straight week of losses. Signs of a slower economy around the world have only made investors more pessimistic about the US. Earlier this week, Germany said its economy grew just 0.1 percent in the Q2 . Germany is the strongest economy in Europe.
THE WEEK AHEAD
MONDAY: Chicago Fed National Activity Index
TUESDAY: New home sales, Richmond Fed Business Activity Survey, 2-Yr Note Auction
WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, 5-yr note auction; Earnings from Toll Brothers, Applied Materials, TiVo
THURSDAY: Weekly jobless claims, 7-yr note auction, Medtronic shareholders mtg, USDA food prices outlook
FRIDAY: GDP, corproate profits, consumer sentiment, Bernanke speaks, short-sale bans expire; Earnings from Tiffany
A growing belief that the US economy may be headed towards a double dip recession gave the stock market its fourth straight week of losses. Signs of a slower economy around the world have only made investors more pessimistic about the US. Earlier this week, Germany said its economy grew just 0.1 percent in the Q2 . Germany is the strongest economy in Europe.
THE WEEK AHEAD
MONDAY: Chicago Fed National Activity Index
TUESDAY: New home sales, Richmond Fed Business Activity Survey, 2-Yr Note Auction
WEDNESDAY: Weekly mortgage apps, durable goods orders, oil inventories, 5-yr note auction; Earnings from Toll Brothers, Applied Materials, TiVo
THURSDAY: Weekly jobless claims, 7-yr note auction, Medtronic shareholders mtg, USDA food prices outlook
FRIDAY: GDP, corproate profits, consumer sentiment, Bernanke speaks, short-sale bans expire; Earnings from Tiffany
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