7/6/09
Market is still able holding on above key support 8200 for Dow!! Expect more rebound for tomorrow morning.
Economic reports are rather light this week. Only items worth paying attention to are ISM index and Initial jobless claims for May.
Alcoa will kick off 2nd quarter earnings. Right now, expectations for these earnings is not very high.
Geither (Treasury) and Elizabeth Duke (Federal Reserve) will speak this week.
Group of Eight Summit in Italy is an important event. China has once again proposed a new world currency. This will affect the market mood. However, it is unlikely that such proposal will have any long lasting consequences.
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