Home Wealth  Money New Week, Same Sour Note For Stocks

New Week, Same Sour Note For Stocks

Posted: Nov. 23rd, 2012  |  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 can’t mix business with pleasure?
Read More
More Articles from Forbes.com

Quick Links
Real Estate
Luxury Travel
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
Current News & Features
Artist Sophie Kipner On the Unique Intimacy of Drawing Without Looking
Gucci's First Full-Service Restaurant Quietly Opens Above Boutique in Shanghai Mall
Secure One of Cobalt's First Ultra Private Jet With a $15k Deposit
Star-Studded Los Cabos Film Festival Combines Film and Adventure in 4th Year
Bring Out Your Inner Child With This Miniature Remote-Controlled Lexus RC F Sport Coupe
Add This Black Quinoa-Stuffed Acorn Squash Dish to Your Repertoire
Dazzle Holiday Guests With the World’s Most Glamorous $947k Christmas Tree Star
Thought the Tesla Model S Was Cool Before? Check Out Vilner's Customized Version
Range Rover Unveils World's First SUV Convertible With New $50k Evoque Model
Holiday Baking Championship Contestant Maeve Rochford Gives Us the Scoop On What TV Competitions Are Really Like
See the complete list
Featured Photo Gallery
See the complete list