ECONOMIC REPORTS Data will include the S. P./Case-Shiller home price index for October and consumer confidence for December (Tuesday); weekly jobless claims, the Chicago purchasing managers’ index for December, and pending home sales for November (Thursday).

IN THE UNITED STATES On Monday, financial markets and government offices will be closed for the observed Christmas holiday.

IN EUROPE This week, the European Central Bank will release results of its program to drain 211 billion euros in excess market liquidity created by its purchases of sovereign debt, including Spanish and Italian bonds.

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