Fundamentals now driving markets

Conventional wisdom says stock markets have rallied worldwide this year because of unprecedented levels of central bank support.

25th May, 2013
Kevin Gardiner, global head of investment strategy at Barclays Wealth. Photo: Tony O'Shea

Conventional wisdom says stock markets have rallied worldwide this year because of unprecedented levels of central bank support, but leading investment strategist Kevin Gardiner believes something more fundamental is driving equity prices.

The Barclays Wealth global head of investment strategy says that corporate profits and a recovery in consumption were really behind record share prices - rather than artificially low rates for bonds and cash.

"A lot of people feel financial repression is the only...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 11 months ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago