Sunday, 03 June 2007

Wall St Week Ahead: Stocks rally looks like it's got legs

(Reuters) - This week's menu of U.S. economic statistics is not expected to pose any great challenges for U.S. stocks, suggesting that momentum can carry market indexes to still more record highs.

The week starts with a report on April U.S. factory orders on Monday. The consensus estimate is for an increase of 0.7 percent, well off the March pace of 3.1 percent. The March increase was the biggest in a year and sharply exceeded expectations.


Read more at Reuters Africa

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