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Market News


European Markets

Opening calls are indicating a higher open this morning.

Asian Markets

Indices in India are trading higher.

US Markets

 

While Europe’ debt crisis will remain a focus on Wall Street this week, investors will also have a barrage of corporate financial results to sift through as earnings season kicks into high gear.

The week ahead includes reports from nearly half of the Dow’ 30 components, including Intel, McDonald’ and General Electric , and 96 members of the S&P 500 including, Apple, Southwest Airlines and Chipotle Mexican Grill.

Events today

Corporate releases out on Monday include Dutch electronics firms Philips third-quarter earnings which reported earnings before tax of 273 million euros, falling short of a Reuters forecast of 334 million euros.

Swiss-based transportation and logistics company Kuehne + Nagel will announce their third-quarter results at 6:45 UK time. Societe Generale’ Matthew O’Keefe has predicted the company’ net profit could be down by as much at 8.3 percent and the company’ CFO will be on Squawk Box at 7:45.

In Greece, finance ministry officials including tax inspectors will begin a nine – day strike against austerity measures imposed by the government, while in London protests will continue in the City as part of a series of global protests against big business and banking.

In Portugal, Monday is the deadline for the delivery of the nation’ 2012 budget which Prime Minister Passos Coelho has conceded will be the most difficult to enact in living memory. Portuguese newspaper Jornal de Negocios reported that the government expects the economy to shrink by at much as 3 percent next year.