Arab Today, arab today boamerrill lynch investor confidence has risen sharply
Last Updated : GMT 18:43:16
Arab Today, arab today
Arab Today, arab today

BOA/Merrill Lynch Investor Confidence has risen sharply

Arab Today, arab today

Arab Today, arab today BOA/Merrill Lynch Investor Confidence has risen sharply

Dubai - BNA

The monthly Bank of America\'s Merrill Lynch questionnaire for directors of investment funds last month revealed that Investors\' Confidence has risen sharply from lowest levels of last July and boosted investment allocations in shares, properties and essential goods amidst high hopes for an improvement of the global economy. Out of a total number of 173 participants in the worldwide poll, 15% believed that the global economy was likely to surge strongly over the upcoming twelve months. This percentage constitutes a monthly leap by 28 points percent which is the biggest of its type since April-May 2009 when the world began to get rid of the claws of the debt crunch. Meanwhile 13% of the participants in last July\'s questionnaire believed that the global economy was likely to collapse. The Bank of America/Merrill Lynch Index has beaten forecasts by 37 points last July and has risen to 49 points this August. Fears regarding corporate profitability retreated in contrast with last July when 21 percent of the participants expected a shrinkage of corporate profitability next year in comparison with 38 percent of them who anticipated just that a month ago. This new surge of optimism comes amidst anticiaptions of an intervention by the ECB.

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Arab Today, arab today boamerrill lynch investor confidence has risen sharply Arab Today, arab today boamerrill lynch investor confidence has risen sharply

 



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