MARKETS are starting to slow down, with major averages seeing smaller day-to-day moves as trading declines, but investors are inclined to retain a bullish view, particularly after strong jobs data.
The data calendar lightens this week with only retail sales, producer price inflation and consumer sentiment reports due.
The US Federal Reserve will meet tomorrow to propose extra capital standards for the eight largest and most risky US banks. The surcharge will take into account the degree to which the banks rely on wholesale funding. The rules will be in line with the global Basel III capital plan, but may well go over and above it.
Companies reporting this week include AutoZone, United Technologies and RadioShack. McDonald's is due to report November same-store sales data today.