Johannes Jooste, chief market strategist EMEA at Merrill Lynch Wealth Management, says the recent plunge in gold prices is linked to investor concerns over broader global economic strength and notable falls in other non-precious metal commodities.
Bill O’Neill has left Merrill Lynch Global Wealth and Investment Management to join UBS.
Johan Jooste, chief market strategist at Merrill Lynch Wealth Management EMEA, says that although recent US GDP data disappointed, the underlying economic trends point to stronger labour market and activity data.
World equity markets saw in the New Year with an exuberant bounce on the back of an 11th-hour agreement between the major US political parties to both raise taxes and cut social benefits, but already investors are questioning whether the deal is enough.
The outcome of political elections to be held in Italy at the beginning in 2013 to appoint the new prime minister is still very uncertain, and is weighting as a relevant risk factor on financial markets.
Bill O’Neill, chief investment officer for Europe, Middle East and Africa at Merrill Lynch Wealth Management believes that Spain’s bailout is a formality following the latest moves by the ECB on eurozone sovereign debt.
Swiss bank Julius Baer Group has revealed it is in discussions with Bank of America Corp concerning Merrill Lynch’s international wealth management business outside the United States.
Bill O’Neill, chief investment officer, Merrill Lynch Wealth Management EMEA, discusses the likelihood of a Greek exit from the eurozone.
Now that concerns surrounding the “disorderly” collapse of Eurozone sovereign debt markets are dissipating, investors have found a new worry – the rocketing oil price.
Merrill Lynch Wealth Management has appointed five financial advisors to its Middle East operations to be based in Dubai and Beirut having poached several new staff from HSBC Private Bank.