Teun Draaisma
Teun Draaisma
Teun Draaisma is the European equity strategist at Morgan Stanley. He was noticed when he warned investors to sell equities in June 2007, just before the credit crisis...
balance bigger cash companies deals debt financing hostile scope sheets smaller stuff year
A lot of companies have cash on their balance sheets and debt financing is very cheap, so there will be scope for more M&A. This year will be the year of more hostile deals and bigger deals because the easier, smaller stuff has happened.
bit days fantastic iraqi last news opening situation
I would not say we have had fantastic news in the last two days but there is a little bit of an opening in the Iraqi situation and things may be getting a bit better there.
banks central earnings growth interest raising risky
Central banks are raising interest rates, and that's risky for stocks. Expectations for earnings growth are too high.
cyclical good offer optimistic playing
We're still optimistic on equities, we think they offer good value, and we're still playing the cyclical theme.