Graham Secker

Graham Secker News

Draghi Pledge May Boost Investment in Europe Stocks

The underperformance of European stocks relative to their U.S. counterparts may be ending, even as investors await the details of a plan for the European Central Bank to join forces with governments to ease the euro area’s debt crisis.
European Profit Estimates Cut Most Since 2009 as Danone Hit

Analysts are cutting European profit forecasts at the fastest rate since 2009 as the region heads for a recession and growth in China slows for a sixth quarter.
European Stocks Advance as Investors Eye ECB Decision

European stocks rose to the highest in eight weeks as investors bet central banks will add to measures unveiled by the region’s governments to contain the sovereign-debt crisis and data from China and Japan fueled optimism Asia will drive global growth.
European Stocks Advance for Fifth Week; Arkema Rallies

European stocks rose for a fifth week as investors bet central banks would add to measures to stimulate economic growth, with the Stoxx Europe 600 Index paring some gains on concern that risks to a recovery remain.
Debt Woes No Drag for Europe Stocks as Strategists Say 2011 Will Beat 2010

European equities will climb 12 percent through the end of next year, beating 2010’s gains, as rising earnings and record-low interest rates help companies overcome the sovereign-debt crisis, a Bloomberg survey of 13 strategists shows.
Greetfeld Predicts Stocks Rally After Calling 2011 Slump

When European equity strategists at the world’s largest investment banks forecast a rally in 2011, UniCredit SpA’s Tammo Greetfeld said they were wrong. He was vindicated as stocks tumbled the most in three years.
Morgan Stanley Strategist Draaisma Quits After 13 Years, Starts Fund at TT

Teun Draaisma , Morgan Stanley’s top- ranked European equity strategist, is leaving after 13 years at the U.S. bank to start a hedge fund for investment company TT International.
Morgan Stanley's European Strategist Draaisma Leaves Bank for Hedge Fund

Teun Draaisma, Morgan Stanley’s top- ranked European equity strategist, is leaving the U.S. bank to join hedge-fund manager TT International, according to a spokesman for Morgan Stanley.
U.K.’s FTSE 100 Slides for Third Day; Randgold Resources, Weir Shares Fall

U.K. stocks closed little changed as concern that interest-rate increases in Europe will hamper economic growth offset gains at telecommunications companies.
FTSE 100 Index Declines to Three-Month Low After Japan Is Hit by Tsunami

U.K. stocks fell to a three-month low, led by insurers, after the biggest earthquake on record in Japan shook buildings across Tokyo and unleashed a seven-meter- high tsunami that killed hundreds.