The eurozone crisis is expected to become the main source of concern after being sidelined in recent weeks, summit meetings between the heads of Germany, France and Italy are planned for this week, it is highly unlikely the talks will resolve difficult outstanding issues.
Overall, stock prices are forecast to remain unchanged through next week‘s trading session, investors may start taking a closer look at developments taking place in Europe which can influence the overall global financial market,
Economists in a December Reuters poll forecast the euro zone will contract by 0.3 percent in the fourth quarter, followed by a further 0.2 percent contraction in January-March, before a meager recovery in subsequent quarters.
The overall S&P 500 forecast for fourth-quarter earnings growth has already been slashed, down to growth of 7.9 percent from 17.6 percent previously. For the latest updates on the stock market, visit Stock Market Today
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