Market Insider
- Europe Has Wall Street's Bull on a Short Leash
- Hostage to Headlines
- Traders Worry Over 'Possible Risks' During Long Weekend
- Oil Declines, but Doesn't Help European Consumers
- Facebook Analyst Reports All Over the Map
- More Fallout From the Facebook Fiasco
- Stocks to Watch: CHK, PAY, FB, MS & More
- Facebook and Morgan Stanley's 99 Problems
- Markets Could End Week Quietly
- Stocks to Watch: CHK, PAY & More
EDITOR
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Week Ahead: Health Care Could Bruise Stocks in Short Term
CNBC Executive Editor
Econorama
In the week ahead, there is key housing data, including existing home sales on Tuesday and new home sales on Wednesday.
The Chicago Fed releases its national activity index for February on Monday. Durable goods are reported Wednesday and weekly jobless claims are reported Thursday. The final reading on fourth quarter GDP is released Friday, as is consumer sentiment. The Treasury auctions
What Else to Watch
The dollar in the past week gained 1.7 percent against the euro, as worries about the Greek debt crisis pulled the currency down. Greece will again be in focus in the coming week as the EU holds a summit in Brussels Thursday and Friday. European Commission president Jose Manuel Barroso urged EU leaders to spell out how they would provide aid to Greece.
The U.S. Treasury will auction $118 billion in 2-, 5- and 7-year notes in three auctions Tuesday, Wednesday and Thursday. Click here for bond prices.
China in the News
Google [GOOG
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] on Monday may announce its exit plan from China, following a major cyber attack on its site and a dispute with the Chinese government over censorship.
On Wednesday, the House Ways and Means Committee holds a hearing on China's currency policies, after members of Congress in the past week lobbied Treasury to term China a currency "manipulator."
In Shanghai, meanwhile, the trial of four Rio Tinto executives accused of stealing commercial secrets and taking bribes begins on Monday.
Fed Speak
Fed Chairman Ben Bernanke was to speak to ICBA community bankers in Florida Saturday.
St. Louis Fed President James Bullard appears Monday on "Squawk Box," with CNBC economics correspondent Steve Liesman.
There are quite a few other Fed speakers out and about. Atlanta Fed President Dennis Lockhart speaks Monday on the economic outlook.
San Francisco Fed President Janet Yellen, nominee for Vice Chair, speaks Tuesday on the economic outlook. Philadelphia Fed Chairman Charles Plosser speaks on policy issues in Prague Tuesday, and Kansas City Fed President Thomas Hoenig speaks Wednesday at the U.S. Chamber of Commerce in Washington.
Fed Vice Chairman Donald Kohn also speaks Wednesday in North Carolina, and Fed Governor Kevin Warsh speaks on central bank independence Thursday. Fed Governor Daniel Tarullo speaks in Washington Thursday at the International Research Forum on Monetary Policy.
The House Financial Services Committee will hold a hearing Thursday on the bankruptcy of Lehman, following a scathing report by the court appointed bankruptcy examiner on the firm's failure. Lehman officials were accused of using "gimmicky" accounting, and the Fed and other regulators were criticized in the report.
Earnings Central
There are a few earnings in the coming week, including Oracle [ORCL
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] and Best Buy [BBY
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], which report Thursday. Tiffany [TIF
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] reports Monday, Walgreen [WAG
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] reports Tuesday, and General Mills [GIS
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] reports Wednesday.
The wireless industry holds its big CTIA show in Las Vegas this week.
Questions? Comments? Email us at
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