‘Chorus of consensus’ on asset classes
Nasdaq OMX Stockholm has started trading two ETFs issued by Xact Fonder, tracking the OMXS30 index.
Nouriel Roubini, the so-called "arch bear" economist who predicted the current financial crisis in 2006, added further gloom yesterday after he wrote off recent rises in global stock markets as no more than a dead cat bounce, The Independent reports....
The resolution of the Iran hostage crisis helped boost the US stock market and may have helped avoid a recession, according to BlackRock Merrill Lynch.
Increased market volatility will characterise the investment world over the coming months, according to Baring Asset Management.
When Swiss bank UBS stuck its neck out in the last quarter of 2003 to declare the Bear market was officially over, more than a few sniggers were heard around the City.