The Economic Week Ahead

[guest]

The September jobs report and another gross domestic product revision are two of the economic reports due out in the coming week. BusinessWeek's Jim Cooper discusses what to watch for


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[jb100]

This week beginning from 28th.September 2009, two economic data are going to be released.First and the most important is US jobs report for September and the second significant data will be the GDP (Gross Domestic Product) revision figure.The Investors and market analysts are eagerly waiting for the above two data.The brokers are definitely expecting improved jobs report from the previous month and already there are visible signs that GDP revisionary figure would be better.


If the awaiting reports comes as positive surprise,then DOW would start it's journey towards 10000 mark.Beyond 10K mark the bears would be trapped and short covering may take DOW JONES to 12000 mark in next 2 months.