Gradual economic recovery expected for U.S. - Wood
January 29, 2015 at 11:25 pm IST
Share
Russell Investment Chief Market Strategist Stephen Wood expects gradual economic recovery in the U.S. with some global stabilisation improvement.
SHOWS: NEW YORK, USA (JANUARY 29, 2015) (REUTERS - ACCESS ALL)
1. RUSSELL INVESTMENT, CHIEF MARKET STRATEGIST, STEPHEN WOOD, SAYING:
JOURNALIST ASKING STEPHEN WOOD: 'You know it's been six years since the last bear market. U.S. markets a little growth in December and January, has the bull market officially stalled?'
WOOD: 'I think that is premature to conclude, we are not calling for a recession in 2015 in the United States, nor do we see one in 2016. We don't see an overly aggressive Fed tightening cycle, so for us the most likely scenario is that we get this continued grinding and bit by bit improving economic recovery in the U.S., some stabilisation improvement globally and we think that valuations are going to be important. United States valuations look kind of fairly valued, if you look at Europe and other areas of the world where valuations are more attractive then it becomes a stock by stock multi-asset strategy of finding better investments.'
Access Co Ltd is a Japan-based company mainly engaged in the provision of information technology (IT) solutions to domestic and foreign manufacturers of mobile phones and information appliances, infrastructure operators such as communication networks, service providers involved in e-book and advertising businesses, and general companies. The Company operates in three business segments. In the Internet of Things (IoT) segment, the Company and its domestic and Taiwanese subsidiaries provide IoT-related solutions and software mainly for the domestic market. In the Web Platform segment, the Company and its subsidiaries in Germany, China, and South Korea, provides Web platform-related solutions such as embedded browsers in the domestic and overseas markets. The Network segment mainly operates through subsidiaries in the United States, Canada, India, and Israel, and provides software for network equipment and integrated network operating system (Network OS) for white boxes.