Yehia Noor
01-24-2012, 11:53 AM
Dodging new bazookas out from Europe and corporate results, today's trading session will probably be as light as a feather amid lack of economic reports from the world's leading economy and ahead of the Federal Open Market Committee's first meeting in the year. So far, lights are still shed on the 17-bloc euro area, initially after EU finance chiefs refrained from taking a step forward for Greece.
Without making credible progress on a debt-swap deal for debt-trapped Greece, EU finance ministers capped yesterday's meeting in Brussels, fueling more disappointments that Greece is likely to be near a brink of default, unless bondholders admit further losses on Greece. Euro turned down and Yesterday's winning streak for the European shares was halted.
Concern the debt crisis is worsening after EU finance ministers doomed talks between bondholders and Greece, Jumping to the United States, future on the Dow Jones industrial Average fell almost 0.37 percent at 06:21 a.m. in New York to 12,603, while Standard & Poor's 500 futures tumbled around 0.5 percent to 1,304.10. Wall Street is set to open down Tuesday.
President Barack Obama is set to deliver the annual State of the Union Speech to a joint session of congress in the evening today, where he expected to address an increase in U.S energy production and mark an aim for natural gas production, according to the Wall Street Journal. In addition, Obama will likely announce call for additional infrastructures and other spending to bolster job creation, with unemployment still intolerably high.
Without making credible progress on a debt-swap deal for debt-trapped Greece, EU finance ministers capped yesterday's meeting in Brussels, fueling more disappointments that Greece is likely to be near a brink of default, unless bondholders admit further losses on Greece. Euro turned down and Yesterday's winning streak for the European shares was halted.
Concern the debt crisis is worsening after EU finance ministers doomed talks between bondholders and Greece, Jumping to the United States, future on the Dow Jones industrial Average fell almost 0.37 percent at 06:21 a.m. in New York to 12,603, while Standard & Poor's 500 futures tumbled around 0.5 percent to 1,304.10. Wall Street is set to open down Tuesday.
President Barack Obama is set to deliver the annual State of the Union Speech to a joint session of congress in the evening today, where he expected to address an increase in U.S energy production and mark an aim for natural gas production, according to the Wall Street Journal. In addition, Obama will likely announce call for additional infrastructures and other spending to bolster job creation, with unemployment still intolerably high.