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Equity Market: Erste Group Cautiously Optimistic
Politics ♦
Published: December 29, 2012; 16:54 ♦ (Vindobona)
Earnings are expected to grow again, but vulnerabilities remain. The global debt crisis remains unsolved, Erste Group says.
Equity Market: Erste Group Cautiously Optimistic / Picture: © Vindobona.org
“Global equity markets will perform well next year”, states Mostböck. Attractive valuations and the lack of alternatives should lead to positive returns in most stock market indices.
A continued conflict in the Middle East would burden the financial markets at least temporarily and oil and commodity prices particularly in the long run. In US, Fed’s purchases should improve…
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