The calendar is busy on this holiday-shortened week, teeming with corporate earnings results and potentially important economic data overseas.
Germany's Zew survey of economic sentiment gets the ball rolling early this morning, followed by the Chicago Federal Reserve's regional-activity index at 8:30 a.m. ET. The Richmond Fed will follow with its own report half an hour later. While these releases provide insights on the strength of the economy, neither is likely to have broad impact on market sentiment.
At 10 a.m. ET, the National Association of Realtors issues existing-home sales data for December. Quarterly reports are scheduled today for companies including DuPont, Johnson & Johnson, Travelers, Verizon, Google, and IBM.
The FHFA Housing Price Index is the only U.S. economic release on tap for tomorrow. A potentially more important data point follows in the evening when the final reading for HSBC's Chinese Manufacturing purchasing managers index is released.
German and French manufacturing follow on Thursday morning, along with weekly U.S. jobless claims. Friday will see the German Ifo business confidence report and U.S. new-home sales.
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