Home Wealth  Money New Week, Same Sour Note For Stocks

New Week, Same Sour Note For Stocks

Posted: Nov. 22nd, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Investors are ringing in the new trading week on a sour note as the congressional "super-committee" in charge of lowering the deficit is expected to condede defeat, reignited the debate over taxing and spending, and opening the door for another US downgrade.

In overseas trading, Japan's Nikkei 225 Stock Average was lower by about a third of a percent, and the Hang Seng Index was higher by about 1.4 percent.

The FTSE 100 was was lower by almost 2.2 percent, and the German DAX was lower by 2.9 percent.

In the US, markets are sharply lower this morning.

Some key data due to be released this week includes GDP on Tuesday and initial claims on Wednesday.

On the earnings front, expect to hear from Books A Million and Chicos on Tuesdaym Deere and Co (nyse: DE - news - people ) on Wednesday, Trailer Bridge (nasdaq: TRBR - news - people ) on Thursday, and China Natural Resources (nasdaq: CHNR - news - people ) on Friday.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Not to be Missed: Modena is Magic in your Mouth
Ritz-Carlton Half Moon Bay Hosts San Francisco's Best Chefs for 14 Privileged Guests
This Ultra-Luxury Floating Ritz-Carlton Will Be the First of its Kind
Unmatched Brilliance of Golf at Kiawah Island | Sponsored Content by Timbers Kiawah Ocean Club & Residences
Johnny Carson's Malibu Estate Hits the Market at $81.5 Million
The Lowcountry Lifestyle at Kiawah Island | Sponsored Content by Timbers Kiawah Ocean Club & Residences
RIMOWA Re-Introduces Their Iconic Aluminum Case with the Help of Karl Lagerfeld and Friends
Experience Race Day in the Cadillac V-Performance Hospitality Suite
BANKERS HILL Bar + Restaurant Embodies Craft America Cooking
Living Your Best Life with Mercedes-Benz E 400 Cabriolet
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE