What to watch for overseas… Japan is looking to capitalize on European debt. The country is looking to purchase bonds issued by EU financial-aid funds. In Belgium there will be deeper budget cuts, according to Finance Minister Didier Reynders. And more news out of Portugal, the Prime Minister says the country will not ask for any financial assistance. In China, foreign reserves are at a record $2.85 trillion. While down under in Australia, Prime Minister Julia Gillard is disbursing resources for flood rescue operations.
Coming back to the domestic market…. Around 10am U.S. Inventories from wholesalers will be released. Economists estimate inventories rose 1% in November after October's 1.9 percent increase.
In big company news… of course the major headline here today centers around Verizon bringing Apple's iPhone into it's stores. Watch both of those stocks today for sure. And if you liked the movie, "The Social Network" stay tuned here for more Facebook-related drama. Facebook founder and focus of the film, Mark Zuckerberg is pushing for a settlement in a court case that claims he stole the revolutionary idea from classmates at Harvard University.
Looking at the markets worldwide…. The Belgian-German 10-year bond widening to a record. The euro is up against the yen, climbing out of a three-month hole against the currency. The Yuan rose to a two-week high. And treasuries are dipping to a four-day low.