The expert opinion MENA stock tips

European elections and Facebook’s IPO rattled the markets last month leaving investors skeptical and perturbed. Continuing with our initiative to seek investment advice from financial experts, Executive sat with Joe Nader, head of private banking at Byblos Bank and Hatem Rafii, head of asset management at Royal Forex Trading (RFXT). Joe Nader Thoughts on the global markets? Nader takes a conservative stance, as he does not see an improvement from a macroeconomic perspective. Even though the markets have corrected, he believes this is due to an “absence of bad news and optimism over a third round of quantitative easing [introduction of new money by the US Federal Reserve Bank] which has not occurred”. He does not believe that markets will go up in the immediate future. Main concerns? Worried about  Greece and Spain, Nader believes that we have not yet seen the worst of the crisis engulfing Europe. “I am