Federal Reserve Chairman Ben S. Bernanke is proving more successful than his European counterparts in steering how investors view interest rates.
European stocks are poised for a third year of gains, restoring almost all the losses suffered during the financial crisis, as economic growth overcomes record pessimism on earnings.
Barclays Plc, the U.K.’s second- largest bank by assets, said it appointed Jim McCormick to head global asset-allocation research at its investment-banking unit.
U.S. bank stocks are poised for gains because they have only begun to catch up with a surge in corporate bonds, according to Ian Scott, a global strategist at Nomura International Plc.
The Euro Stoxx 50 Index will rally 22 percent to 2,850 by the end of next year, Nomura Holdings Inc. strategist Ian Scott said in a report.
The U.S. Supreme Court gave generic-drug makers a boost in seeking federal approval for treatments, ruling that they can sue their brand-name rivals for overstating the reach of their patents.
Anyone who presumes U.S. stocks will decline as companies become less profitable is overlooking history, according to Ian Scott, a global strategist at Nomura Holdings Inc.
The British government aims to deduct an additional 106,000 pounds ($166,000) from resident millionaires. Tax avoidance and emigration mean Chancellor of the Exchequer George Osborne may not see the extra money.
European stocks surged to a three- month high as HSBC Holdings Plc and BNP Paribas SA led a rally in banks and basic-resource producers climbed with base metals.
European stocks gained the most in almost two weeks as investors speculated that last year’s rally in equities will continue in 2011 amid expanding corporate profits and economic growth.