The day ahead: Friday

October 8, 2009

IPOs remain in the spotlight with Wynn Macau’s debut in Hong Kong. In the U.S., President Obama rallies support for a financial products watchdog.

*  President Barack Obama will seek to rally support for his proposal to create a watchdog agency that would protect consumers from risky financial products.

*  Investors betting on Wynn Macau’s stock when it debuts in Hong Kong may need a little luck, as recent lukewarm listings and a relatively high IPO price could limit the upside and even send shares down.

*  U.S. international trade data for August, released on Friday, is expected to show the trade gap continues to widen.

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