By the end of the first quarter you will have had upgrades to profit forecasts, upgrades to GDP forecasts and upgrades to peoples expectations for the performance of European equities into the balance of the year.
More Quotes from Gary Dugan:
There are two key challenges to the U.S. market one is Fed policy -- and it's still our concern that the Fed will be increasing rates this side of Christmas secondly, it's the slowing corporate earnings outlook. Although corporate earnings are still probably going to rise, I think there's a concern that numbers may come in below consensus and drive the markets down.Gary Dugan
The European market is taking its lead from Wall Street, and there's increasing concern we will see the impact of slowing corporate profits turn up on stock prices.
Gary Dugan
This could finally lead to a sell-off in U.S. equities. And then European stocks would mirror falls on Wall Street.
Gary Dugan
The Vodafone picture is disappointing, but consistent with the industry. We've certainly not been excited about the sector. Consistent disappointments -- that's when share prices suffer.
Gary Dugan
Domestic demand is starting to see signs of good improvement. We will still get a good return from Japan.
Gary Dugan
Service-sector inflation has been picking up. Wage inflation has shown some signs of picking up so, unlike the U.S., Britain does have some worrying signs of inflation.
Gary Dugan
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