A busy week: new economic data, a health care summit, Greece is still in trouble, and Toyota responds to auto concerns. Here is a recap of last week, and what to expect for next week.
Market moving events next week:
Monday Mar 1: Personal Income and Outlays, ISM Manufacturing Index, and Construction Spending reports released. Dillard’s, HSBC Holdings, MBIA, Petroleos Mexicanos, and Vivendi release earnings.
Tuesday Mar 2: Motor Vehicle Sales report released. D-Link Corp, Dominos Pizza, Macquarie Power and Infrastructure, and Staples release earnings.
Wednesday Mar 3: Adecco, Adidas, Alliance HealthCare Services, Costco, Foot Locker, Petsmart, Qatar Real Estate Investment, Royal Bank of Canada, and Standard Chartered release earnings.
Thursday Mar 4: Jobless Claims, and Productivity and Costs reports released. Del Monte Foods, TD Banknorth, Toronto Dominion Bank, and Urban Outfitters release earnings.
Friday Mar 5: Employment Situation report released. Blount International, and Marshalls release earnings.
This week has less global macro events than last week, although there are a number of high-profile earnings releases this week. Also be sure to watch the Employment Situation report on Friday.
Recapping last week
Sovereign wealth situation: The Greek crisis continues.
Global macro: Mixed bag of economic data. GDP report was good, but consumer confidence and new home sales were weak.
Other important stories
Must-read commentary from last week
Two ways to go: A Greek columnist calls for reform.
Europe’s Bear Problem: The Economist magazine analyzes the problems facing the EU and its relations with Russia.
Current market stats
TED Spread: 0.1249
3-month Libor: 0.2517
S&P 500: 1,104.49
FTSE 100: 5,354.52
Nikkei 225: 10,126.03
Hang Seng: 20,608.70
Euro/US Dollar: 1.3625
1-Year CD: 1.26%
30-Year Fixed Mortgage: 5.09%
Business Credit Cards: 11.32%
Best attempts at accuracy were made at 12:30 PM Pacific Standard Time on Sunday, February 28. These stats are for informational and educational purposes only, and no liability is assumed for inaccurate information.