Morgan Stanley predicts 7% for S&P 500 in 2012

Source: Marketwatch
Morgan Stanley experts said on Thursday they forecast S&P 500 Index to drop by 7% at 1,167 by the end of next year. Analysts base their expectations on weakening global outlook and floppy company results. Moreover, Morgan Stanley experts suggest that US Dollar is likely to strengthen and curb the corporate profits. Morgan Stanley also upgraded industrial sector and downgraded energy segment.

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Tue, 03 Jan 2012 16:00:18 GMT

DAX surges on German manufacturing data

German DAX Index extended gains for the second straight session and traded 1.1% up at 6,141.84 after statistics showed the number unemployed in December fell more than predicted. Car makers led the gains in German benchmark index. Daimler AG surged 2.2%, BMW AG climbed 2.8% while Volkswagen AG added 2.2%. 

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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