The SPX 500 sits about two points lower (as of 8:00am EST) from Friday’s close on the S&P 500. The last trading week of 2011 could bring some volatility with the Italian bond auction on Thursday. Today we have the Consumer Confidence release at 10:00am EST.
The EUR/USD still continues to consolidate in the mid 1.30’s and the AUD/USD remains in the mid 1.01 area. The talk of retail store Sears closing down 100 to 120 stores and the “Anonymous” group hacking Stratfor has been the major news for today. Watch for any European rumors that could shake the markets as equities continue to consolidate.
