As world stocks wrap up what is likely to be the best quarter in at least two decades, tests of the sustainability 
of a rally in risk loom for global financial markets. Article Controls The onus of proof is on economic data, including closely-watched U.S. jobs figures next week and quarterly earnings from major companies, as investors seek reassurance on betting on an improved outlook in the new quarter. World stocks, as measured by MSCI, have risen more than 20 percent as the second quarter draws to a close. That would be the biggest three-month gain in the history of the index, which was launched in 1988. Credit markets have also rallied, with investment grade corporate bond yield spreads, measured by the Markit iTraxx Europe index, nearly halving at one point during the period. But the rally since mid-March has been showing signs of fatigue pushing markets into trading sideways, and this stalemate may not last long.
For further details visit at : www.forbes.com/feeds/afx/2009/06/28/afx6595780.html
of a rally in risk loom for global financial markets. Article Controls The onus of proof is on economic data, including closely-watched U.S. jobs figures next week and quarterly earnings from major companies, as investors seek reassurance on betting on an improved outlook in the new quarter. World stocks, as measured by MSCI, have risen more than 20 percent as the second quarter draws to a close. That would be the biggest three-month gain in the history of the index, which was launched in 1988. Credit markets have also rallied, with investment grade corporate bond yield spreads, measured by the Markit iTraxx Europe index, nearly halving at one point during the period. But the rally since mid-March has been showing signs of fatigue pushing markets into trading sideways, and this stalemate may not last long.For further details visit at : www.forbes.com/feeds/afx/2009/06/28/afx6595780.html
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