The Week Ahead

US Market participants get next Friday off in observance of Independence Day. The shortened week is packed with economic reports, which will keep traders busy leading up to the extended weekend.

Last Friday, Japan report annual consumer inflation accelerated more than expected in May, hitting a new decade-high on surging energy and food prices. In addition, renewed concerns over the global credit crisis added to the gloom. The Nikkei is expected to face continued pressure this week.