Surf's Up AbroadBill Javetski and Larry Holyoke
Jim O'Neill is trying hard to keep his composure. The head of global research at Swiss Bank Corp. in London, O'Neill last year spotted signs of surprisingly strong corporate profits despite the Continent's worst recession in decades. So what did it get him? Exasperation. European stocks, hit by inflation worries and dimming hopes for new Bund-esbank interest-rate cuts anytime soon, followed the U.S. bond market south, tumbling 8% since Dec. 31. "The biggest dilemma hitting markets this year," says O'Neill, "is that we've got economic growth."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes
- Subways May Be the Latest Casualty of China's Crackdown on Debt