(Bloomberg) -- Iceland's stock market and currency
are among the world's best performers this year after teetering
on the brink of collapse in 2006. The island's rebounding economy
and high interest rates will drive more gains.
``Stocks will rally another 10 to 15 percent,'' said
Gudmundur Gudmundsson, head of trading at Kaupthing Bank hf in
Reykjavik. ``The krona is still going strong and will retain its
strength in 2007'' on expectations rates will stay near records.
Read more at Bloomberg Currencies News
are among the world's best performers this year after teetering
on the brink of collapse in 2006. The island's rebounding economy
and high interest rates will drive more gains.
``Stocks will rally another 10 to 15 percent,'' said
Gudmundur Gudmundsson, head of trading at Kaupthing Bank hf in
Reykjavik. ``The krona is still going strong and will retain its
strength in 2007'' on expectations rates will stay near records.
Read more at Bloomberg Currencies News
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