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Market News


European Markets

Opening calls are indicating a flat open this morning.

Asian Markets

The Hang Seng average is closed for the Chinese New Year of the Dragon.

US Markets

After three weeks of gains, investors could be in for a choppy week ahead, as earnings kick into high gear and Europe’ debt crisis heats up.

The week ahead includes reports from more than a third of the Dow 30, including McDonald’ and AT&T, and 117 members of the S&P 500 including, Apple, Starbucks , and Netflix.

Events Today

France and Germany will both hold bond auctions on Monday with Germany expected to tender 3 billion euros in 12-month bonds at 10:30am London time. France will hold an auction of 13-week, 24-week and 50-week treasury bills at 1:50 pm London time.

In Berlin, Angela Merkel will meet European Commission President Jose Manuel Barroso and President of the European Council Herman van Rompuy ahead of a European Council Summit on January 30.

IMF chief Christine Lagarde will give a speech at the German Council on Foreign Relations in Berlin on global economic challenges in 2012 and British Finance Minister George Osborne is due to meet EU Internal Market Commissioner Michel Barnier in London.

Corporate releases to watch include full year results from French hospitality group Sodexo, due to be announced at the firm’ AGM on Monday.

Source: CNBC