Asia Stocks Poise for Biggest Advance Since September – Bloomberg 02-27-13

Salient to Investors:

Tim Schroeders at Pengana Capital said US housing is pretty good and is providing a huge catalyst to consumers via the wealth effect, so the buy-on-dips strategy is in play and we’re definitely pricing in a lot more good news in equities.

The MSCI Asia Pacific Index is at 14.7 times estimated earnings versus 13.7 for the S&P 500 and 12.3 for the Stoxx Europe 600.

Glenn Morgan at Deutsche Bank said it is dawning on many people that they are not being aggressive enough with their exposure to equities, given the macro backdrop is looking better and companies are delivering – there’s a weight of cash on the sidelines.

50 percent of the 398 MSCI Asia Pacific Index companies so far reporting profits since January have exceeded expectations.

Read the full article at http://www.bloomberg.com/news/2013-02-28/asian-stock-head-for-fourth-monthly-advance-on-economy.html

Free email alerts of articles as soon as they are posted.