Economic news- The main economic news this week was out of the Euro zone.

calendarECONOMIC NEWS

The main economic news this week was out of the Euro zone. The continuing debt woes in Europe are once again making investors worry, as euro zone finance ministers agreed to lend up to 100 billion euros to Spain so it can shore up its banks.

Ten-year Spanish bond yields hit euro-era highs amid worries that the country will eventually run out of funds and need a Greek type bailout.

THE WEEK AHEAD

MONDAY: Chicago Fed nat’l activity index

TUESDAY: FHFA home price index, Richmond Fed manufacturing index, 2-yr note auction

WEDNESDAY: Weekly mortgage apps, new home sales, oil inventories, 5-yr note auction, USDA food prices outlook

THURSDAY: Durable goods orders, jobless claims, pending home sales, 7-yr note auction, CFTC emergency meeting

FRIDAY: GDP, consumer sentiment