how will stock market on december 12 2011

how will stock market on december 12 2011 : International markets may focus on the Federal Reserve and the likelihood it will maintain a zero rates policy when the central bank’s Open Market Committee meets on Dec. 13. Negotiations on a Greece debt swap are likely to gain investors’ attention. The Bank of Japan will release its quarterly business confidence survey. The Reserve Bank of India may leave its rate unchanged.

Former MF Global Holdings Ltd. Chief Executive Officer Jon Corzine follow his appearance before Congress yesterday with testimony to a U.S. House committee. Zynga Inc. mounts an initial public offering that will probably raise as much as $1 billion.

The Swiss National Bank may comment on its ceiling for the euro against the franc. OPEC will probably retain its oil quota, and Britain releases its report into the near-collapse of Royal Bank of Scotland Group Plc. in 2008. Russia joins the World Trade Organization.

Event to watch Dec. 12 2011

--U.S. Congress may wrap up a new spending bill as soon as today before a stopgap appropriations law expires on Dec. 16. The U.S. House of Representatives could vote as early as today on legislation to extend a cut in employees’ payroll taxes for a year.

--U.K. government releases its report on the near collapse of Royal Bank of Scotland Group Plc during the 2008 financial crisis. The Financial Services Authority is likely to find regulatory failings and also criticize the bank’s former management. 06:00 GMT (01:00 EST). In London.

--Greece holds talks with representatives of private-sector creditors in Athens about a bond swap aimed at halving the nation’s debt obligations to them.

--U.S. House may vote as early as today on legislation to extend a cut in employees’ payroll taxes for one year.

--Iraqi Prime Minister Nouri al-Maliki meets with President Obama at the White House as U.S. troops prepare to withdraw from Iraq by year-end.

--Occupy Wall Street protesters attempt to shut down U.S. West Coast ports from San Diego to Seattle for 12 hours, possibly affecting Los Angeles, the nation’s biggest port. From 06:00 local time (09:00 EST). For the latest updates on the stock market, visit Stock Market Today

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