For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
Next week, the markets will focus on a big batch of earnings from big names in the investment banking community, including Lehman Brothers, Morgan Stanley, and Goldman Sachs. Other market impacting events to look for are Housing Starts, Industrial Production, and PPI data.
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