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Investors turn focus on Europe's economy

IMF chief debt inspector Poul Thomsen leaves after

Photo credit: AP | IMF chief debt inspector Poul Thomsen leaves after meeting with Greece's Prime Minister Lucas Papademos in Athens on Sunday. (Feb. 5, 2012)

Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.

Economic data expected this week includes weekly initial jobless claims, the Thomson Reuters/University of Michigan's consumer sentiment index and international trade figures.

Improving data helped...

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