Alain Bokobza News
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Money managers will increase direct lending to Europe’s companies to benefit from higher yields and better guarantees as the region’s banks pull back from keeping debt on their balance sheets, according to Societe Generale SA.
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European stock strategists are backing away from their most-pessimistic forecasts as policy makers agree on measures to tackle the region’s debt crisis.
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Swiss stocks climbed for a second day on signs of progress in U.S. budget talks and as a report showed German business confidence increased for a second month in December.
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The Federal Reserve may introduce a third round of quantitative easing early next year as U.S. inflation cools, Alain Bokobza, head of asset-allocation strategy at Societe Generale, said at a press conference in Beijing today.
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Emerging-market stocks dropped for a third day, sending the benchmark index to its lowest level in more than three weeks, as concern deepened that the global economic slowdown will curb corporate earnings.
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Emerging-market stocks dropped for a third day, sending the benchmark index to its lowest in more than three weeks, as concern deepened that the global economic slowdown will curb corporate earnings.
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The longest rally in developing- nation stocks since 1997 may be ending as higher interest rates in Brazil, Russia, India and China curb earnings growth.
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European companies are reporting the biggest profit rise in six years as the region’s economic expansion overcomes the sovereign debt crisis, making stock strategists almost twice as bullish as their U.S. counterparts.
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European stocks climbed for a sixth straight week, the longest winning streak in more than two years, amid speculation that central bank policy makers will add to stimulus measures to support the economy.
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European stocks climbed for a third day, led by technology companies, after Texas Instruments Inc. agreed to buy National Semiconductor Corp., fueling optimism that company spending will push shares higher.
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