New cycles for old
Article Abstract:
US stock prices have risen by 27% in 1997, and there is a debate as to how far they can continue to rise. Merrill Lynch's Bruce Steinberg sees possible reductions in interest rates in 1998, which would help stock prices. Other analysts are more pessimistic and see stocks as vulnerable to setbacks since stock prices already include an element for low inflation and other beneficial economic changes. Salomon Brothers foresees a correction in stock prices as demand pressures revive in 2nd half 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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A new era
Article Abstract:
Credit Suisse First Boston sees stock price drops in mainland Europe as representing a buying opportunity. Restructuring in Europe should benefit stock prices. Changes in Europe include deregulation, tax reform, more focus on stockholder value and corporate restructuring. There are some short-term risks such as rises in German or US interest rates, and failure of France to reduce its budget deficit, but the long-term potential for this market is good.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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