Credit Suisse Weekly
Short-term cautious on the Tech sector
- After hitting new lows, the European markets rebounded
- Monday, February 17 - 2003 at 15:24
Uncertainty and nervousness likely to remain high
- The markets declined last week mostly due to concerns related to war on Iraq after President W. Bush's speech. We do not expect a market rebound as long as this story continues. Hence we reiterate our preference for defensive stocks with low beta
- Thursday, February 13 - 2003 at 17:19
Once overall environment improves earning potential is good
- Key performance indicators of Vodafone and 4Q license revenue of SAP confirm that these two companies are gaining market share and shows the earning potential once the overall environment improves.
- Thursday, February 06 - 2003 at 12:00
The FTSE 100 falls whilst other European markets retest their autumn lows
- While the FTSE 100 fell below its Sept/Oct low this week, we expect other European markets to retest their autumn lows of last year as the negative newsflow from the corporate sector and low visibility on the geopolitical situation is not yet fully discounted
- Monday, January 27 - 2003 at 16:47
Positive earning momentum continues in telecom sector
- We reiterate the positive earning momentum of the telecom sector. A combination of continuing strong cash flow growth in the first part of the year and relative resilience in earnings forecasts should keep the sector moving ahead of the market.
- Monday, January 20 - 2003 at 15:04
ECB and Bank of England left interest rates unchanged as expected
- Given the uncertain environment and the still high earnings expectations, we expect further negative newsflow to put pressure on the corporate sector.
- Monday, January 13 - 2003 at 14:54
European equities have had a bad year and U.S equity markets are still under pressure
- S&P 500 ended with a performance of -23.37 per cent for the year 2002. For the coming months, several issues could still pressure the U.S. equity markets. European equities have had a bad year. The DJ Euro Stoxx 50 closed 2002 down 35.7 per cent.
- Tuesday, January 07 - 2003 at 09:42
Update on takeover speculations of Credit Lyonnais and implications for BNP Paribas
- The Euro STOXX50 closed the week 4 per cent lower at 2429.42. The decline was mainly driven by the biggest gainers of the past few weeks, i.e. technology (-9.26 per cent) and telecom (-4.57 per cent.)
- Monday, December 16 - 2002 at 14:46
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