Last week ended with an avalanche of data, mostly disappointing for those looking for signs of recovery in the EMU or any end to deflation in Japan. However, next week's data, especially the purchasing managers' surveys, should reflect more recent conditions amid signs that most economies have hit bottom. Along with the heavy indicator schedule are a multitude of central bank meetings. The Banks of Canada and England, plus the Reserve Bank of Australia and the ECB, are all on the calendar. While the Bank of England, the ECB and Reserve Bank of Australia are expected to leave interest rates unchanged at 3.5 percent, 2 percent and 4.75 percent, respectively, there is a chance that the Bank of Canada (3 percent) could lower rates by 25 basis points.

Last Week's Highlights   •   Global Stock Market Indexes   •   Recap of Global Markets   •   Currencies   •  Indicator Scoreboard

The Bottom Line   •   Looking Ahead