Investors focus on U.S.

2011-10-31 18:28:13

On Friday, October 28th global indices have indicated growth upon positive news from Europe as banks agreed to take 50% losses on Greek loans
as European leaders agreed to expand bailout fund. WIG Index and UAIndex have both shown losses as a result of momentum effect, following the
losses of the previous days. This week, investors will shift their focus to U.S. economic data, which might temper their exuberance. Three events this
week will command attention: the U.S. jobs report for October, the Federal Reserve's policy meeting and Fed Chairman Ben Bernanke's quarterly
news conference. A report Thursday showed that the U.S. economy expanded at a solid 2.5 annual rate in the July-September quarter. That helped
ease concerns that another recession might be nearing. Yet the news may have also raised unrealistic expectations about the economy. Investors
could end up disappointed.