Markets Watch Europe Amid Flurry of Earnings

Brian Dolan submits:The Week Ahead: May 2-7, 2010 Event risk to dominate markets next week Risk sentiment may falter further GBP outlook depends on new government tackling the deficit Greek woes will persist well past the weekend Key data and events to watch next week Event risk to dominate markets next week The month of May looks se

Michael Pettis at China Financial Markets believes optimism regarding China and Europe is unwarranted. Via email, he states the case while giving nine key things to watch in 2013. The subtitles below are mine, the rest from Pettis. Too Early to be Enthusiastic About China

The global economy took another turn for the worse as Japan plunged into recession following two consecutive quarters of growth. Please consider Japan’s economy shrinks annualized 3.5%. Japan’s economy shrank an annualised 3.5 per cent between July and September, the steepest decline since the earthquake-hit first quarter of 2011, as exporters suffered big falls in shipments to key markets such as China and Europe.

ETF Database submits: Equity markets slumped to start the holiday-shortened week as poor news out of Apple (AAPL) and Citi (C) before the bell hit markets hard. However, a rally took place soon after as investors bought up beaten down securities which helped to push markets to gains on the day.

ETF Database submits: Despite lukewarm data, markets soared to finish out the month which helped to propel equities to their best September since the World War II era. Despite this gain on the month, equities finished the week slightly below their Monday opening levels, with the S&P 500 sinking by 0.2% and the Nasdaq slipping by 1.3%.

By Bill Maurer: The Dow Jones Industrial Average hit a new high on Tuesday, marking a stunning rally since the bottom nearly four years ago. With the market at new highs, you can imagine that there are a lot of stocks at prices much higher than they were a few years ago. Today, I'm going to focus on five stocks that should split their stock now. Not all of these are at new highs, but there are some reasons why I believe they should split now.

TORONTO — The Toronto stock market closed lower Wednesday as investors looked to another day of mixed earnings reports and a vote by Congress to raise the U.S. debt ceiling. Here are the closing numbers TSX — 12,794.05 -30.58 -0.2% S&P 500 — 1,494.81 +2.25 +0.2% Dow — 13,779.33 +67.12 +0.5% Nasdaq — 3,153.67 +10.49 +0.3%

Tom Lydon submits: Exchange traded funds (ETFs) are more or less unmoved this morning after the prior session’s surge as housing prices fell, European stocks dropped and investors sort through a mixed bag of high-profile earnings.