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.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see