June 11, 2011, 12:00 a.m. EDT
Economy, U.S. debt in market spotlight next week
Results due from BlackBerry maker Research In Motion, Best Buy
By Val Brickates Kennedy, MarketWatch
BOSTON (MarketWatch) — Economic data and the heated debate on Capitol Hill over raising the U.S. debt ceiling will likely be the biggest market catalysts next week, as U.S. investors brace themselves for a possible seventh straight week of losses.
A spate of international, federal and regional economic reports are scheduled to be released, which could lead to further declines if they underscore concerns that a global slowdown is under way.
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The week ended on a particularly sour note after Chinese economic data showed exports growing at a slower annual rate in May than in the prior month. Read more on China’s data.
More data from the Middle Kingdom is expected on June 14, when the nation’s CPI numbers for May will be rolled out. See global economic calendar.
“If we see much more slowing in China, that could concern the market,” said Bob Baur, chief global economist at Principal Global Investors. “China’s been a driver of the global expansion.”
Full story: http://www.marketwatch.com/story/economy-us-debt-in-market-spotlight-next-week-2011-06-11
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