Sunday, May 6, 2012

Wall Street - All Eyes on European Elections

After Wall Street's worst week of the year, U.S. stock investors will now be taking a closer look at the election outcomes in Greece and France.

Markets worldwide have closely watched developments in Europe for the past several months, with calls for austerity seen as positive for stocks as they seek to prevent a credit crisis in the region that could take down or deeply hurt the global economic recovery.

But an economic slowdown throughout the region has resulted in a change of direction.

Hollande's win now is a hurdle to the German-led drive for austerity in Europe. The French voters have spoken ...

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