Stock in the Asian region started the week with gains, following the lead from last Friday in Wall Street when the Dow Jones closed about the 13000 mark.
European Markets are also higher amid concern for the state of the economic. Report from Spain said that the economy has been contracting but without any surprise. Spain major concern is the unemployment rate.Euro Zone will be announcing its unemployment Rate for Jun.
The Dow Jones is currently trading -45 points in negative territory. The most relevant economic news expected will the Dallas Fed monthly survey of manufacturers in Texas. This will keep trader away from manufacturing stocks. There isn’t really much of an expectation, so everybody will just be waiting and see others take their profit gains from previous section.
Is going to be a busy week with economic news, market could really go anywhere. Hopefully the rally from last week will get some support, specially coming out from the Euro area.