will get to ponder are consumer confidence on Tuesday, durable goods orders and a speech by Fed Chairman Ben Bernanke on Wednesday, and pending home sales on Thursday, along with the regular release of new jobless claims.
Traders will be closely watching the European Financial Stability Facility vote taking place in Finland on Wednesday and again on Thursday in Germany.
Tomorrow, Greece will vote on the first of many tax increases. Tuesday’s property tax increase vote will be watched by officials for signs that Greece is capable of passing the outline austerity packages that politicians have already approved.
On Wednesday, Bernanke is in Cleveland for a speech on emerging markets, though Fed watchers will be listening for any possible language that may open the door for an increase to the balance sheet from efforts to reduce long-term interest rates. Traders will also be listening for language that telegraphs a third round of quantitative easing.
The ProShares Short Dow 30 ETF (NYSE:DOG) gives investors an opportunity to profit from declines in the Dow Jones Industrials Index (NYSE:DIA) that might follow poor economic data. The fund seeks to be the mirror image of the index, rising when the Dow 30 falls, but declining when the Dow heads higher.
Emerging Money provides insightful and timely information about the increasingly important world of Emerging Market investments. CNBC Emerging Markets Contributor Tim Seymour leads the team of Emerging Money to bring you cutting edge global news and analysis.