Week 1 2011 weekend

This week will kickstart the earnings season and there will be plenty of macro data coming out as well. Debt auctions from Portugal and Spain will be closely followed. The level of U.S. debt is also getting more and more attention. Food price riots in Algeria have forced the government to step in and cut some staple foods prices in the latest round of unrest in Northern Africa. A leak in the Trans-Alaska Pipeline is set to push oil prices higher on Monday with Brent Crude presumed to resume push toward 100 USD per barrel.