Greece is still in crisis, and deal flow may be returning to the market. Here is a recap of last week, and a preview of the market moving events for next week.
Market moving events next week:
Monday March 8: H&R Block, Sasol, Starwood Property Trust, and Tivo release earnings.
Tuesday March 9: Audi AG, Bank of Nova Scotia, Dick’s Sporting Goods, Inmarsat, J. Crew, Jamba Juice, Liberty International, Neiman Marcus, Prudential PLC, and Kroger release earnings.
Wednesday March 10: Wholesale Trade report released. Treasury Budget released. American Eagle, Gymboree, Men’s Wearhouse, and Vail Resorts release earnings.
Thursday March 11: International Trade, and Jobless Claims reports released. Aeropostale, IDT Corporation, National Semiconductor, Quiksilver, The Buckle, Volkswagen AG, and Zumiez release earnings.
Friday March 12: Retail Sales, Consumer Sentiment, and Business Inventories reports released. AnnTaylor Stores, and Kirkland’s Inc release earnings.
The theme this week will be the American consumer. This week will have a significant number of earnings releases for retail stores, and Friday will have the Retail Sales report and Consumer Sentiment report. Also pay attention to the continuing troubles in Greece, and also pay attention to the results of the Iraqi election.
Recapping last week
The Greek mess continues
Elsewhere in the world
Must read commentary from last week
Al Jazeera columnist on Iraqi election. This election will have major political implications for the greater Middle East.
Post-crisis, the evolving structure of deals. This article is worth reading considering the talk of deal flow returning to the market.
Current market stats
TED Spread: 0.0964
3-month Libor: 0.2536
S&P 500: 1,138.69
FTSE 100: 5,599.76
Nikkei 225: 10,585.92
Hang Seng: 21,186.09
Euro/US Dollar: 1.3676
Best attempts at accuracy were made at 10:36 PM Pacific Standard Time on Sunday, March 7. These stats are for informational and educational purposes only, and no liability is assumed for inaccurate information.