Saturday, May 21, 2011

Look Ahead: Currencies Could Sway Stocks in the Coming Week

From CNBC

U.S. markets in the coming week may be slower heading into the first official long weekend of summer, but fidgety currency markets could keep the focus on Europe and geopolitical concerns

Nobody expects a repeat performance of the high-flying but there are a few initial offerings in the week ahead, including Russian internet company Yandex, already drawing good demand. 

"I think the markets will continue to be focusing on what is or isn't happening in Greece. We don't think anything will materialize though," said Robert Sinche, head of global currency strategy at RBS.

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