No knew news! We seem to have a very boring week ahead of us.
The European debt woes are playing havoc
upon the world markets. A new flare-up in
Europe's debt crisis
hit world stock markets Thursday after Ireland announced it would sink more billions into its failed banks and Spain's public debt rating was downgraded.
There is no news as we end this quarter and get ready to jump into a new one, so maybe it was a good week for traders who knew what to look for. Do not expect the markets to move up today with European debt being the primary news the day.
GNP news should surface today, but economic growth tailed off sharply in the spring and probably isn't faring any better now.Stock futures slipped Thursday as investors entered the last day of the quarter cautiously. An upcoming report on first-time claims for unemployment benefits and a final reading on second-quarter gross domestic product kept traders from making any big moves