iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Currencies Dominate Equities For Now

“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.

Traders are also watching a smattering of U.S. economic reports, especially durable goods orders, to see if the economy continues to show signs of stalling.

Nobody expects a repeat performance of the high-flying LinkedIn IPO [LNKD  93.09   -1.16  (-1.23%)   ], 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….”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter