MELBOURNE, Jan 14 (Reuters) - A nervous Sam Stosur survived the first test of her annual battle with stage-fright at the Australian Open, but the spotlight is set to focus on the ninth seed after all of her compatriots were dumped from the first round on Monday. Australia's hopes of a home-bred champion at the year's first grand slam have gone unfulfilled for 34 years and, with Lleyton Hewitt crashing out against eighth seed Janko Tipsarevic late in the evening, appeared set for further frustration. ...
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France bombs Mali rebels as more troops arrive in Bamako
Label: WorldBAMAKO/PARIS (Reuters) - French fighter jets bombed Islamist rebels in Mali for a third day on Sunday as Paris poured more troops into the capital Bamako, awaiting the arrival of a West African force to dislodge al Qaeda-linked insurgents from the country's north.
French Defence Minister Jean-Yves Le Drian said France's dramatic intervention on Friday to bomb a convoy of heavily armed Islamist fighters sweeping southwards had stopped them from seizing Mali's capital Bamako within days.
Western countries fear Islamists could use Mali as a base for attacks on the West, forming a link with al Qaeda militants in Yemen, Somalia and North Africa.
Le Drian said former colonial power France was carrying out continuous bombing raids against the alliance of rebel groups, which seized the country's vast desert north in April.
"There are raids going on now: there were some last night, and there will be more tomorrow," Le Drian told French television. "The president is totally determined that we must eradicate these terrorists who threaten the security of Mali, our own country and Europe."
Residents said French aircraft bombed the northern town of Gao, and a Malian rebel spokesman said they bombed targets in the towns of Lere and Douentza.
Le Drian said France was deploying a further contingent of 80 soldiers to Mali on Sunday, bring the total to 550 soldiers , split between Bamako and the town of Mopti, some 500 km (300 miles) north. State-of-the-art Rafale fighter jets would be dispatched to reinforce the operation on Sunday, he said.
A Reuters cameraman reported seeing on Sunday more than 100 French troops disembarking from a military cargo plane at Bamako airport, just on the outskirts of the capital.
Bamako itself was calm on Sunday, with the sun streaking through the dust enveloping the city as the seasonal Harmattan wind blew from the Sahara. Some cars drove around with French flags draped from the windows to celebrate Paris's intervention.
Hours after opening one front against al Qaeda-linked Islamists, France mounted a commando raid to free a French hostage in Somalia held by al Shabaab militants allied to al Qaeda, but failed to stop him being killed along with a French commando.
A French pilot was killed on Friday when rebels in Mali shot down his helicopter.
President Francois Hollande has made it clear that France's aim in Mali is to support the deployment of a West African mission to retake the north, endorsed by the United Nations, the European Union and the United States.
The 15-nation West African bloc ECOWAS convened a summit for Saturday in Ivory Coast to discuss the military campaign.
With Paris pressing West African nations to deploy troops quickly, Ivory Coast President Alassane Ouattara, who holds the rotating ECOWAS chairmanship, has kick-started the operation to deploy some 3,300 African soldiers.
Ouattara was himself installed in power with French military backing in 2011 after a brief civil war triggered by former president Laurent Gbagbo's refusal to step aside after losing a late 2010 election.
"The troops will start arriving in Bamako today and tomorrow," Ali Coulibaly, Ivory Coast's African Integration Minister, said. "They will be convoyed to the front at Sevare."
HOUSE-TO-HOUSE SEARCHES
Under cover from French fighter planes and attack helicopters on Friday, Malian troops drove the Islamists out of the strategic central town of Konna, which they had seized a day earlier. A senior Malian army official said more than 100 rebel fighters had been killed.
Military analysts expressed doubt, however, that this was the start of a swift operation to retake the whole of northern Mali - a harsh, sparsely populated terrain the size of France - as neither equipment nor ground troops were ready.
In Nigeria, which will lead the ECOWAS force, a military official who asked not to be identified said it would take time to train and equip the troops.
In Konna, calm returned after three nights of combat.
"Soldiers are patrolling the streets and have encircled the town," one resident, Madame Coulibaly, told Reuters by phone. "They are searching houses for arms or hidden Islamists."
Another inhabitant said the army set up roadblocks along the route north from Sevare to Konna and was checking for rebels. President Diouncounda Traore declared a state of emergency on Friday giving the military sweeping powers to carry out searches and shut down parts of the country.
"The army is in Konna ... securing the town and to make sure it is safe," army spokesman Lieutenant Colonel Diarran Kone said.
A resident in the northern city of Gao, one of the Islamists' strongholds, had reported scores of rebel fighters were retreating northward in pickup trucks on Saturday. In Bamako, some civilians tried to contribute to the war effort.
"We are very proud and relieved that the army was able to drive the jihadists out of Konna. We hope it will not end there that is why I'm helping in my own way," said civil servant Ibrahima Kalossi, 32, one of over 40 people who queued to donate blood for wounded soldiers.
Concerned about reprisals on French soil, Hollande instructed Prime Minister Jean-Marc Ayrault to tighten security in France at public buildings and on public transport.
France advised its 6,000 citizens in Mali to leave. Thousands more French live across West Africa, particularly in Senegal and Ivory Coast.
Hollande's intervention in Mali could endanger eight French nationals being held by Islamists in the Sahara. A spokesman for one of Mali's rebel groups, Ansar Dine, said on Saturday there would be repercussions.
"There are consequences, not only for French hostages, but also for all French citizens, wherever they find themselves in the Muslim world," Sanda Ould Boumama told Reuters. "The hostages are facing death."
(Additional reporting Adama Diarra, Tiemoko Diallo and Rainer Schwenzfeier in Bamako, Joe Bavier in Abidjan and Leila Aboud in Paris; Writing by Daniel Flynn; Editing by Alison Williams)
Facebook tests $100 charge to message Zuckerberg
Label: TechnologyNEW YORK (AP) — Would you pay $ 100 to message Mark Zuckerberg? Facebook says it’s testing some “extreme price points” to let users pay to have their messages seen by people who are not their friends.
The tech blog Mashable reported early Friday that some users trying to message Zuckerberg are offered the option to pay $ 100 to ensure that their missive reaches the Facebook CEO’s inbox. Without paying, the message would likely end up in Zuckerberg’s “other” message folder, an oft-overlooked purgatory between the spam folder and the inbox.
Facebook says it’s testing the “extreme” prices to “see what works to filter spam. The company is also testing a service that lets people pay $ 1 per message to route communications to non-friends’ inboxes.
Zuckerberg has more than 16 million followers on the site.
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What's the Big Trend We Expect to See on the Red Carpet Tonight?
Label: Lifestyle
Stylewatch
Style News Now
01/12/2013 at 09:00 AM ET
Jason Merritt/Getty; AP (2)
This week’s People’s Choice Awards and Critics’ Choice Awards offered stars lots of choices (ha!) in the fashion department — chances to experiment with prints, designers, trends and more. Overall, we liked what we saw … and think we’ll be seeing lots more of two specific trends as red carpet season rolls on. Let’s get to the lowdown:
Up: Eye-catching embellished necklines. We’re not talking Jessica McClintock prom-style here, thankfully, but several stars — including Jessica Chastain, Emily Blunt and Naomi Watts — showed up to this week’s awards shows in otherwise classic gowns that boasted beautiful, sparkly beading up top. And since red carpets always seem to attract major bling, we expect to see more gowns of this style in the high-fashion weeks ahead.
Up: Pretty spring-like florals. Elle Fanning, Marion Cotillard, Chloë Moretz and Katy Perry all had us feeling rosy thanks to their patterned dresses, which offered varying degrees (and varieties!) of blooms. Since such prints were big on the spring 2013 runways, and those fashion shows are what many stylists are pulling from for A-list clients in the coming weeks, we know we’ll be seeing all sorts of blossoms soon.
Down: Slashes as the new cutouts. We know cutouts are here to stay, at least for a little while, but Blunt’s take on the trend isn’t typical. They need to be big, like Jennifer Lawrence’s, Emma Watson’s or Gwyneth Paltrow’s — otherwise, you might just look like you popped a seam.
For more on up-and-coming trends, check out our thoughts on red accessories, sexy minis and side-swept hair.
Tell us: What types of trends are you hoping to see on the red carpet this awards season? Vote in our poll below!
PHOTOS: SEE OUR FAVORITE DRESSES OF AWARDS SEASON — SO FAR!
Flu more widespread in US; eases off in some areas
Label: HealthNEW YORK (AP) — Flu is now widespread in all but three states as the nation grapples with an earlier-than-normal season. But there was one bit of good news Friday: The number of hard-hit areas declined.
The flu season in the U.S. got under way a month early, in December, driven by a strain that tends to make people sicker. That led to worries that it might be a bad season, following one of the mildest flu seasons in recent memory.
The latest numbers do show that the flu surpassed an "epidemic" threshold last week. That is based on deaths from pneumonia and influenza in 122 U.S. cities. However, it's not unusual — the epidemic level varies at different times of the year, and it was breached earlier this flu season, in October and November.
And there's a hint that the flu season may already have peaked in some spots, like in the South. Still, officials there and elsewhere are bracing for more sickness
In Ohio, administrators at Miami University are anxious that a bug that hit employees will spread to students when they return to the Oxford campus next week.
"Everybody's been sick. It's miserable," said Ritter Hoy, a spokeswoman for the 17,000-student school.
Despite the early start, health officials say it's not too late to get a flu shot. The vaccine is considered a good — though not perfect — protection against getting really sick from the flu.
Flu was widespread in 47 states last week, up from 41 the week before, the Centers for Disease Control and Prevention said on Friday. The only states without widespread flu were California, Mississippi and Hawaii.
The number of hard-hit states fell to 24 from 29, where larger numbers of people were treated for flu-like illness. Now off that list: Florida, Arkansas and South Carolina in the South, the first region hit this flu season.
Recent flu reports included holiday weeks when some doctor's offices were closed, so it will probably take a couple more weeks to get a better picture, CDC officials said Friday. Experts say so far say the season looks moderate.
"Only time will tell how moderate or severe this flu season will be," CDC Director Dr. Thomas Frieden said Friday in a teleconference with reporters.
The government doesn't keep a running tally of adult deaths from the flu, but estimates that it kills about 24,000 people in an average year. Nationally, 20 children have died from the flu this season.
Flu vaccinations are recommended for everyone 6 months or older. Since the swine flu epidemic in 2009, vaccination rates have increased in the U.S., but more than half of Americans haven't gotten this year's vaccine.
Nearly 130 million doses of flu vaccine were distributed this year, and at least 112 million have been used. Vaccine is still available, but supplies may have run low in some locations, officials said.
To find a shot, "you may have to call a couple places," said Dr. Patricia Quinlisk, who tracks the flu in Iowa.
In midtown Manhattan, Hyrmete Sciuto got a flu shot Friday at a drugstore. She skipped it in recent years, but news reports about the flu this week worried her.
During her commute from Edgewater, N.J., by ferry and bus, "I have people coughing in my face," she said. "I didn't want to risk it this year."
The vaccine is no guarantee, though, that you won't get sick. On Friday, CDC officials said a recent study of more than 1,100 people has concluded the current flu vaccine is 62 percent effective. That means the average vaccinated person is 62 percent less likely to get a case of flu that sends them to the doctor, compared to people who don't get the vaccine. That's in line with other years.
The vaccine is reformulated annually, and this year's is a good match to the viruses going around.
The flu's early arrival coincided with spikes in flu-like illnesses caused by other bugs, including a new norovirus that causes vomiting and diarrhea, or what is commonly known as "stomach flu." Those illnesses likely are part of the heavy traffic in hospital and clinic waiting rooms, CDC officials said.
Europeans also are suffering an early flu season, though a milder strain predominates there. China, Japan, the West Bank, the Gaza Strip, Algeria and the Republic of Congo have also reported increasing flu.
Flu usually peaks in midwinter. Symptoms can include fever, cough, runny nose, head and body aches and fatigue. Some people also suffer vomiting and diarrhea, and some develop pneumonia or other severe complications.
Most people with flu have a mild illness. But people with severe symptoms should see a doctor. They may be given antiviral drugs or other medications to ease symptoms.
Some shortages have been reported for children's liquid Tamiflu, a prescription medicine used to treat flu. But health officials say adult Tamiflu pills are available, and pharmacists can convert those to doses for children.
___
Associated Press writers Dan Sewell in Cincinnati, Catherine Lucey in Des Moines, and Malcolm Ritter in New York contributed to this report.
___
Online:
CDC flu: http://www.cdc.gov/flu/index.htm
Wall Street Week Ahead: Attention turns to financial earnings
Label: BusinessNEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.
The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.
Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.
An array of financial companies - including Goldman Sachs
"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
"What we're looking for is demand. Demand from small business owners, from consumers."
EARNINGS AND ECONOMIC EXPECTATIONS
Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.
Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.
Few large corporations have reported, with Wells Fargo
The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.
Investors will continue to watch earnings on Friday, as General Electric
HOUSING, INDUSTRIAL DATA ON TAP
Next week will also feature the release of a wide range of economic data.
Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.
Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.
Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.
"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."
POLITICAL ANXIETY
Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.
The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.
Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.
The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.
"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.
The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.
"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."
(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)
The Worst ‘Wheel of Fortune’ Player Ever
Label: TechnologyWe realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:
RELATED: Movie and Television Characters Need a Lesson in Talking Trash
If we’re ever on Wheel of Fortune we would hope that we were on with the worst players. In part, because deep down, we know we’d be pretty bad at it—all that pressure, all that Sajak, and Vanna staring at you with her vacant eyes… it’s just too much, really. But even we know Johnny Cash never made a song called “I Have the Wine.”
RELATED: Proof Ceiling Cat Exists; 295 Movies Bring You ‘Baby Got Back’
RELATED: Behold the Power of ‘Gangnam Style’
Movies? We can explain:
RELATED: The Robot That Performs Gangnam Style Better Than You
RELATED: Catching Kangaroos Seems Pretty Easy; ‘The Dark Knight’ Goes Pee-wee
Oh, broadcast journalists, you may never know the pain of an embarrassing typo, but we don’t envy you. Not even one bit:
And, finally, this video makes us think of the time we were first introduced to after-work drinks. Which is where we will now be going. Enjoy!
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Taylor Swift, Marie Osmond Draw Love, Laughs from Readers This Week
Label: LifestyleTaylor Swift and Rachael, Gabriel and Marie Osmond
Steve Granitz/Wireimage; Courtesy R&C
What's on the minds of PEOPLE readers this week? We love receiving your feedback, and as always, you weighed in with plenty of reaction!
From Marie Osmond's happy news to pregnant Kim Kardashian's real estate moves to Taylor Swift's love life, check out the stories with the top reactions on the site this week, and keep clicking on the emoticons at the bottom of every story to tell us what you think!
As she sings about her love life and its mishaps, readers laughed out loud at yet another public break-up for Swift, 23 – this time with One Direction's Harry Styles, 18. The high-profile couple, who connected in November and then were seen cuddling and kissing from New York to the Caribbean to the ski slopes, reportedly called it quits after a Virgin Island trip went sour.
But it wasn't all LOLs for Swift this week. Emerging from her break-up with Styles, she made a bold statement on the People's Choice Awards red carpet. Decked out in a white Ralph Lauren Collection gown, with a plunging bodice, smoky eyes and sensual Christian Louboutin heels, Swift turned heads and signaled that she was not a victim of heartbreak.
For Marie Osmond, Christmas Day brought a huge present brimming with love. Her daughter Rachael, 23, a costume designer, married fashion designer Gabriel Krueger, 22, in a cabin in Park City, Utah, prompting a joyous Osmond to tell PEOPLE that she'd "never seen Rachael look happier." Readers shared in this Osmond story of love and family.
If reader's weren't shocked enough by their surprise baby news, Kim Kardashian and Kanye West continued to draw their ire with news that they purchased an extravagant $11 million Bel Air, Calif., mansion. As Kardashian, 32, negotiates her drawn-out divorce from basketball star Kris Humphries, 27, she and West, 35, continue to globe-trot along as they prepare to play house in a 9,000-square-foot Italian-style villa that a source says offers them privacy.
The international fashion world was rocked and readers were saddened by news last week that Vittorio Missoni, 58, the commercial and marketing director of the Missoni fashion house, went missing while on holiday in Venezuela. As the search continues for Missoni's missing twin-engine plane, which went off radar and never arrived at its destination, his family said they remained hopeful that somehow, he and his wife and another couple they were vacationing with, would be found alive.
Check back next week for another must-read roundup, and see what readers are reacting to every day here.
Flu season puts businesses and employees in a bind
Label: HealthWASHINGTON (AP) — Nearly half the 70 employees at a Ford dealership in Clarksville, Ind., have been out sick at some point in the past month. It didn't have to be that way, the boss says.
"If people had stayed home in the first place, a lot of times that spread wouldn't have happened," says Marty Book, a vice president at Carriage Ford. "But people really want to get out and do their jobs, and sometimes that's a detriment."
The flu season that has struck early and hard across the U.S. is putting businesses and employees alike in a bind. In this shaky economy, many Americans are reluctant to call in sick, something that can backfire for their employers.
Flu was widespread in 47 states last week, up from 41 the week before, the Centers for Disease Control and Prevention said Friday. The only states without widespread flu were California, Mississippi and Hawaii. And the main strain of the virus circulating tends to make people sicker than usual.
Blake Fleetwood, president of Cook Travel in New York, says his agency is operating with less than 40 percent of its staff of 35 because of the flu and other ailments.
"The people here are working longer hours and it puts a lot of strain on everyone," Fleetwood says. "You don't know whether to ask people with the flu to come in or not." He says the flu is also taking its toll on business as customers cancel their travel plans: "People are getting the flu and they're reduced to a shriveling little mess and don't feel like going anywhere."
Many workers go to the office even when they're sick because they are worried about losing their jobs, says John Challenger, CEO of Challenger, Gray & Christmas, an employer consulting firm. Other employees report for work out of financial necessity, since roughly 40 percent of U.S. workers don't get paid if they are out sick. Some simply have a strong work ethic and feel obligated to show up.
Flu season typically costs employers $10.4 billion for hospitalization and doctor's office visits, according to the CDC. That does not include the costs of lost productivity from absences.
At Carriage Ford, Book says the company plans to make flu shots mandatory for all employees.
Linda Doyle, CEO of the Northcrest Community retirement home in Ames, Iowa, says the company took that step this year for its 120 employees, providing the shots at no cost. It is also supplying face masks for all staff.
And no one is expected to come into work if sick, she says.
So far, the company hasn't seen an outbreak of flu cases.
"You keep your fingers crossed and hope it continues this way," Doyle says. "You see the news and it's frightening. We just want to make sure that we're doing everything possible to keep everyone healthy. Cleanliness is really the key to it. Washing your hands. Wash, wash, wash."
Among other steps employers can take to reduce the spread of the flu on the job: holding meetings via conference calls, staggering shifts so that fewer people are on the job at the same time, and avoiding handshaking.
Newspaper editor Rob Blackwell says he had taken only two sick days in the last two years before coming down with the flu and then pneumonia in the past two weeks. He missed several days the first week of January and has been working from home the past week.
"I kept trying to push myself to get back to work because, generally speaking, when I'm sick I just push through it," says Blackwell, the Washington bureau chief for the daily trade paper American Banker.
Connecticut is the only state that requires some businesses to pay employees when they are out sick. Cities such as San Francisco and Washington have similar laws.
Challenger and others say attitudes are changing, and many companies are rethinking their sick policies to avoid officewide outbreaks of the flu and other infectious diseases.
"I think companies are waking up to the fact right now that you might get a little bit of gain from a person coming into work sick, but especially when you have an epidemic, if 10 or 20 people then get sick, in fact you've lost productivity," Challenger says.
___
Associated Press writers Mike Stobbe in Atlanta, Eileen A.J. Connelly in New York, Paul Wiseman in Washington, Barbara Rodriguez in Des Moines, Iowa, and Jim Salter in St. Louis contributed to this report.
Wall Street Week Ahead: Attention turns to financial earnings
Label: BusinessNEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.
The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.
Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.
An array of financial companies - including Goldman Sachs
"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
"What we're looking for is demand. Demand from small business owners, from consumers."
EARNINGS AND ECONOMIC EXPECTATIONS
Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.
Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.
Few large corporations have reported, with Wells Fargo
The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.
Investors will continue to watch earnings on Friday, as General Electric
HOUSING, INDUSTRIAL DATA ON TAP
Next week will also feature the release of a wide range of economic data.
Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.
Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.
Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.
"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."
POLITICAL ANXIETY
Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.
The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.
Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.
The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.
"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.
The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.
"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."
(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)
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