SEB: Investment Outlook: Optimistic - but keep an eye on risks
(Thomson Reuters ONE) -
Global economic growth is accelerating and broadening while corporate reports
show both strong sales and earnings, creating good conditions for the stock
market.
The global stock market has climbed at an impressive pace, amid very low
volatility. In the fixed income market, yields seem to have bottomed out while
the spread between government bond and corporate bond yields remains narrow. We
are sticking to our positive view of global economic and earnings growth ahead.
"There are many bright spots in the world's financial markets. Political risks
have diminished, economic growth is improving in a number of regions and first
quarter 2017 reports provide hope for the future, since we saw earnings
increases we have not experienced for many years," says Fredrik Öberg, Chief
Investment Officer, SEB Private Banking.
Yet our optimism needs to be nuanced when valuations are on the high side and
the investor community has a fair amount of risky assets in its portfolios. Also
waiting around the corner are interest rate hikes by the US Federal Reserve.
Other central banks should gradually follow suit. It is also possible that the
same central banks will then begin to shrink their balance sheets by not
reinvesting all bond holdings as they mature. This would give us a mechanism
that raises interest rates in the system and slows liquidity at the same time.
If so, this process will occur gradually and cautiously since everyone is aware
of the risk of adverse effects in a highly indebted economic system.
The May 2017 issue of the Investment Outlook report includes two theme articles.
The first focuses on emerging markets, which have bounced back strongly this
past year. We describe conditions now that the situation has improved. Our
second theme article deals with digital shifts and changed consumer behaviour,
with a growing percentage of the global population regarding commerce via
computers or telephones as the smartest and most convenient alternative. This is
having a big impact on the corporate sector.
The report can be read in its entirety at www.sebgroup.com
For further information, please Press contact
contact Frank Hojem, Head of Media
Fredrik Öberg, Chief Investment Relations
Officer +46 70 763 9947
+46 8 763 6304 Frank.hojem(at)seb.se
Fredrik.oberg(at)seb.se
SEB is a leading Nordic financial services group with a strong belief that
entrepreneurial minds and innovative companies are key in creating a better
world. SEB takes a long term perspective and supports its customers in good
times and bad. In Sweden and the Baltic countries, SEB offers financial advice
and a wide range of financial services. In Denmark, Finland, Norway and Germany
the bank's operations have a strong focus on corporate and investment banking
based on a full-service offering to corporate and institutional clients. The
international nature of SEB's business is reflected in its presence in some 20
countries worldwide. At 31 March 2017, the Group's total assets amounted to SEK
2,927 billion while its assets under management totalled SEK 1,800 billion. The
Group has around 15,000 employees. Read more about SEB at www.sebgroup.com
Press release (PDF) :
http://hugin.info/1208/R/2106918/800036.pdf
Investment Outlook:
http://hugin.info/1208/R/2106918/800037.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SEB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2017 - 11:00 Uhr
Sprache: Deutsch
News-ID 544201
Anzahl Zeichen: 4196
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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