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Sunday, July 8, 2012

Wall St Week Ahead: Stimulus moves, profits to be focus

Bottom of Wall Street from FDR
Bottom of Wall Street from FDR (Photo credit: SheepGuardingLlama)
NEW YORK (Reuters) – Wall Street has been running in circles for the past two months, and the pattern may continue despite the upcoming start of the earnings season. Quarterly report cards from blue-chips Alcoa and JPMorgan next week could fade into the background as traders jockey for position before key data from China and more central bank headlines next week. After three major central banks eased monetary policy this week, investors will comb through the minutes of the latest Federal Reserve policy meeting, which will be released on Wednesday, to see what officials said about a further round of asset purchases. U.S. stocks face headwinds from a slowing global economy. Europe’s debt crisis has drawn much of the attention, but little clarity has emerged about how the euro zone’s debt and banking problems will be fixed despite numerous meetings. The uncertainty has left the market in the hands of traders, who look for opportunities for quick returns, while investors, who are in the market for the long haul, watch from the sidelines.... Continue to read.
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