• Our message for the period immediately ahead continues to be that we expect some stabilization in the stock market before the end of November. We recommend adding to equity …
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SOLIDERE The political stagnation resulting from the long break between the end of the parliamentary elections on September 3, and the appointment of a new government by the end of …
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MOROCCO The Moroccan equity market rallied strongly in September, drawing strength from reports of oil and gas discoveries in the kingdom. The findings, which are expected to dramatically change the …
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•We are patient bulls on the medium-to-long-term prospects for US equities. • For some time, we have applied comparatively optimistic multiples ranging from 25 to 28 to estimates of the …