REPEAT-BMO Harris Private Banking Outlook: Improvements in U.S. Economy and Eurozone Boost Investor Confidence
- U.S. housing market improves and non-manufacturing index rises - European Central Bank policymakers' bond buying program demonstrates commitment to keep the Eurozone intact - Slower European growth has negative impact on China
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/19/12 -- With all eyes on the upcoming U.S. election and the ongoing sovereign debt situation in the Eurozone, BMO Harris Private Banking's latest notes that modest economic improvements, combined with anticipation of additional stimulus measures, in the U.S. and Europe have bolstered investor confidence and contributed to positive equity market returns.
Highlights from the report include:
The U.S.
More optimistic economic data emerged from the U.S.:
"As we near the end of Q3, we have reason to be optimistic that the poor economic results we witnessed in Q2 were the exception rather than the beginning of a new trend," said Richard Mason, Head of Investment Management at BMO Harris Private Banking. "A critical factor in the coming months will be the outcome of the U.S. election and the impact of the tax and spending debates that will be needed to address the country's fiscal cliff."
The Eurozone
The credit situation in Europe and its impact on business, consumer and investor confidence has modestly improved:
"While constructive work is underway in the Eurozone, establishing a resolution will be a slow process," commented Mr. Mason.
China
Slower European growth is having a negative impact on China; however, China's policymakers appear committed to stimulating enough growth to engineer a soft landing for their economy.
Mr. Mason noted, "With a change in Chinese leadership underway, we expect further policy decisions to be made over the coming months in support of economic growth."
BMO Harris Private Banking encourages investors to work closely with an investment professional to determine the appropriate investment plan and strategy for their distinct needs.
To view the full report, please visit: .
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Contacts:
Media contacts:
Rachael McKay, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Unternehmensinformation / Kurzprofil:
Datum: 19.09.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 184916
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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