Stocks and Dollars

By Marc Chandler:

The U.S. debt ceiling remains unresolved at this late date. The market’s response over the past week to Europe’s new initiatives is poor as peripheral, including Spain and Italian, bond yields and spreads over bunds widened considerably. Yet as investors, we must look ahead.

There are five key events next week that will be on radar screens, leaving aside the U.S. debt ceiling debate and rating challenge.

1. Three central banks meet: The Reserve Bank of Australia, Bank of England and European Central Bank. None are expected to change policies. Expectations on the RBA are the most vulnerable. The OIS market still prices in a cut, but this seems increasing less likely.

Unlike most central banks, when the BOE doesn’t do anything, it doesn’t say anything. Minutes more revealing, but the economy has stagnated for 9 months, but price pressures too elevated still and trajectory not clear enough to really

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U.S. airline stocks rallied Friday, but it wasn’t enough to offset earlier losses that saw shares of all the majors fall for the week.

Another week has gone by and U.S. lawmakers have yet to reach a deal to raise the statutory debt ceiling. The U.S. government is just three days away from exhausting its authority to borrow. If there is no progress over the weekend, the U.S. Treasury will have to give further

Another week has gone by and U.S. lawmakers have yet to reach a deal to raise the statutory debt ceiling. The U.S. government is just three days away from exhausting its authority to borrow. If there is no progress over the weekend, the U.S. Treasury will have to give further

The wind power sector is ripe for consolidation and investors may want to start eying potential take-out targets, Jefferies & Co. said in research note published Friday.

A look at Nasdaq 10 most-active stocks at 1 p.m.: Cisco Systems Inc. fell .4 percent to $15.94 with 33,742,900 shares traded.

* Stocks battered by Senate Democratic leader's remarks * S&P 500 briefly breaks below 200-day moving average * Second-quarter GDP tepid as spending flat * Indexes down: Dow 0.5 pct, S&P 0.3 pct, Nasdaq …

U.S. stocks slide as President Barack Obama calls for compromise in getting debt deal done to avert default, and after economic growth slows more than expected in the second quarter.