After this autumn's sell-off of emerging market equities, JC de Beaulieu at State Street Global Advisors explains what will drive stocks from here – and where the dangers lie.
Tag : earnings
Emerging market companies often rely on sales growth to drive earnings, but when real GDP growth is falling, this can worry investors. The UK fund house makes a case for firms that buck the trend.
The investment banking division contributes strongly to the shortfall after a tough fourth quarter, but CEO Brady Dougan says all businesses have had a strong start to 2009.
Investment banking drives losses at UBS, while wealth and asset management report large net new money outflows. Cash bonuses to investment bankers are reduced by 95%.
In Asia, JP Morgan Asset Management is overweight only in China and Singapore, largely due to their respective stimulus packages.
Morgan Stanley says pointing out that the emperor û in this case the third quarter earnings of companies listed in the A-share market û has no clothes is not easy.