There's more upside because valuations look good in Europe and earnings really are improving, but we do need to see a major breakthrough in the war in Iraq.
Teun Draaisma
We're still optimistic on equities, we think they offer good value, and we're still playing the cyclical theme.
good optimistic offer
I would not say we have had fantastic news in the last two days but there is a little bit of an opening in the Iraqi situation and things may be getting a bit better there.
days news fantastic things situation
war good improving iraq europe
Profit growth is going to slow down dramatically. It's not a great level to be entering the equity market.
growth market equity profit great
Socially it's a big thing but I don't think this will affect the stock market at the moment. If it escalates further it might but it would have to be a massive escalation for it to really hurt the market
moment hurt market big thing
Seeing as U.S. GDP growth is going to be a lot better than as initially expected, this reporting season could be the trigger for the next upward leg in the market
growth market
With liquidity still strong, some valuation headroom remaining in our composite valuation indicator, and growth almost everywhere around the world stable to strong, it is hard to see why equity markets would not rise in the first part of 2006. We expect the positive equity market environment to run through into the first half of next year.
environment growth world positive strong market equity hard run part rise
A lot of companies have cash on their balance sheets and debt financing is very cheap, so there will be scope for more M
balance cheap debt cash
Central banks are raising interest rates, and that's risky for stocks. Expectations for earnings growth are too high.
growth expectations banks interest
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