BNP Paribas Sees Better Sentiment on Stocks in Third Quarter

BNP Paribas Investment Partners’ chief investment officer said equity markets may be volatile in coming months until economic data from the U.S. improve and the outcome of Greece’s debt crisis becomes clearer.

“The summer months will be a more challenging environment, with volatile markets” as investors await the results of key economic data and meetings in July, William De Vijlder, the CIO of the asset manager, which manages $780 billion, said in an interview in Zurich yesterday. “But as we go into fall, we expect the markets will be in a more supportive environment.”