Outlook 2018
A likely peak in economic growth optimism and rising inflation mean 2018 looks more challenging than the ‘Goldilocks’ scenario that has played out in 2017. A peak in growth expectations and the current level of investor optimism has historically been followed by a soft patch for equities. However, we stick with our Neutral view, given indications recession is still more than 12 months away. We expect earnings growth to be partly offset by multiples contraction, providing 5–8% potential upside for equities in the year ahead.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.