Sunday, May 6, 2007

Emerging debt to zig-zag, eyes U.S. Fed, data

(Reuters) - "The market looks overextended, exhausted, and we are still slowly grinding lower, and that is not going change very much. I don't think that the pending data or the Fed can really make an impact to renew a rally-type sentiment," said Enrique Alvarez, head of Latin America debt strategy at IDEAglobal.

Investors will eye the Fed's meeting next Wednesday for clues on the direction of future interest rates and inflation risks.


Read more at Reuters.com Business News

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