Professional Services

Recovery hopes rise going into February

US Infrastructure Spending Hopes Rise in February - SantanderCB

A snapshot of market opinion by the FT has suggested that January's pessimism will give way to a more upbeat February. Alberto Gallo at RBS cited more fiscal stimulus in Europe, the potential for US infrastructure spending and attractive valuations in US credit markets and European equities. 'Other markets are priced for a strong recovery, like US equities or emerging market corporate debt,' he said. Mike Riddell at Allianz said Chinese PMI data suggested 'no imminent collapse'. Kevin Daly at Aberdeen Asset Management and Alan Wilde of Baring Asset Management saw stability in renminbi movements. 'Concerns will persist about capital flight and declining growth indicators, so the jury is still out, and China will remain a key risk,' Daly said. 'But for now fears have eased.'


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

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