5th of S&P 500 Reports and Housing Data, Debt Crisis wait Next Week

The European Banking Drama and Italian/ Spanish Banks, (De) stressed Test will Continue to Haunt the Market, as Last Weeks Legacy. The Hectic activity at White House and failed Summit, may drive the Monday.
The Bond Market may usurp the Yields, as a Feat Gauge. While, US Markets closed with VIX above 20%.
The Monday's Earning reports are IBM, Mosiac, Haliburton, Chales Schwab.

Tuesday,  A Banking Day :  The course will begin the with Australian Bank Rate decision. Indian market would have HDFC Bank and Crompton Greaves, Chambal fertilizer results. Soon, ZEW survey will take the Shot at German Economic Sentiment and other consumer surveys. The US markets shall open with Building Permits and Housing Starts. But, the Bank of America, Goldman Sachs, Wells Fargo, Coca Cola and Novartis  all will bring the markets live. While, Apple, Blackrock, Yahoo will  post Closing Bell. While, Crude oil is expected to play the rear. The Dodd-Frank Regulation will catch the talks.

Wednesday : The China will fire its Economic Leading Indicators, to Kick start the Trade. The Chinese Banks are expected to take it slow on Rates and reserves, for a while. In India, Dr Reddy's will bring out results. The Minutes of Bank of England should a passing event. The Existing Home Sales are expected to be show More Ghost Inventories live and MBA Purchase applications being sideways. The banking agenda continues with Bank of Canada declaring Rate decision. CAD $/ USD movement will be the trade.
 The EIA Petroleum Inventories may impress the Fresh series for the Crude/ its Derivatives. FED will have its bytes. AMR, BlackRock, EMC and Abbott will spread the result card. Intel, eBay, American Express add on Bell.

Thursday :  The Japanese Merchandise data and Import/Export to Opens the Yen/$. The Indian Markets digets the results from Hero Honda, Hind.Zinc, Sesa Goa, Kotak-Mah. Bank. The Inflation figures will set the back drop for the forthcoming RBI meet. The European summit on Greece will rumble at Brussels.
The Flash PMI's of Germany, France and Major Euro area will echo the activity. The US FHFA Housing Index, Jobless claims and LEI may push the DEBT talk in Full Focus. AT&T, Morgan Stanley, Pepsico, and the Market will close the bell with Microsoft, along with Roche, AMD.

Friday :  The China PMI is trade opener. Indian market have Axis Bank, Canara and Allahabad Bank results.
The Candian CPI carries to the US Trade, Where, Caterpillar, GE, Verizon, Honeywell may reflect what is passed on the Consumers and what is absorbed.

All the impasse will not over shadow the US Debt reaching the Crisis Point