|
09 Feb, 2012 - Global equities set to enter bull market
Global equities set to enter bull market
A number of global equities have yesterday entered a bull market, as the Standard & Poor’s 500 Index added 0.2% to a 7-month high of 1,349.96, therefore rebounding 23% from last year’s low in October ,amid growing confidence in the economy and better- than-forecast profits.
Gains in commodity, industrial and financial companies have yesterday driven global stocks into a bull market, following an increase of 20% which signifies bullish trends, as US economic data improved and Europe moved closer to a solution for Greek to solve the region’s debt crisis.
Moreover, the Dow Jones Industrial Average also increased 5.75 points on Wednesday to 12,883.95, remaining at its highest level since May 2008, whilst the MSCI Emerging Markets Index rose 1.1%, nearing the highest close since August.
BlackRock CEO Laurence D. Fink commented, “I don’t have a view that the world is going to fall apart, so you need to take on more risk. You need to overcome all this noise and there are great values in equities”.
If you are looking for professional financial advice about optimising the opportunities that the current market can offer, speak to a deVere Financial Adviser today.
|