On Thursday, the Embassy in Abu Dhabi too had announced several measures
While there will be no return to the massive rises seen by some indexes in 2009, double digit returns will not come as a surprise to investors.
Emerging markets are once again predicted to provide investors with bigger returns than their rich world counterparts, many of which will be forced to undergo tough austerity measures.
Brazilian stocks will gain more than 15 percent by the end of next year as Latin America’s biggest economy grows at a more sustainable pace. Fellow BRIC members Russia, India and China will see their key indexes rise 22, 19 and 16 percent respectively by the end of next year.
China has boasted one of the strongest economic growth performances this year but policy controls to rein in real estate speculation and a clampdown on bank lending has spooked investors.
China and India’s voracious demand for natural resources will underpin gains in Australia’s benchmark S&P/ASX index as the country looks towards its 20th straight year without a recession.
Russia’s dollar-based RTS index rose a staggering 146 percent in 2009 and the more modest gains predicted for the coming year are still double what has been seen in 2010.
“As long as oil prices remain above the danger level of $70 a barrel, and as long as there is no world crisis, investors will become more interested in high beta markets like Russia,” said Kingsmill Bond, chief strategist at Moscow’s Troika Dialog.
There are fears an ongoing fiscal crisis in Europe which has so far seen the European Union and International Monetary Fund bailout Ireland and Greece could spread to other countries using the euro, with repercussions across the world.
“The issues in Europe won’t just disappear overnight; they’ll take a year just to stabilise and could blow up on us at any moment,” said JJ Kinahan, chief derivatives officer at TD Ameritrade in Chicago.
Governments have spent hundreds of billions of dollars on economic stimulus packages and bailouts of banks, leaving a financial headache that will need to be paid back through budget cuts and tax rises.
Countries have seen unemployment remaining stubbornly high but confidence in the outlook has begun to pick up and data has been surprising markets to the upside.
France’s CAC 40, which has lost over 3 percent of its value this year, is seen up by 10 percent by the end of next year as liquidity remains abundant and companies post strong profit growth.
Export-oriented Germany’s DAX 30 index may reach a near four-year high by the end of 2011, notching up 9 percent gains as Europe’s largest economy benefits from growing demand in emerging markets.
“Germany continues to benefit from rising emerging markets such as China due to its strong export focus,” Commerzbank strategist Andreas Huerkamp said.
Steady economic improvement should fuel US stock gains through 2011, boosted by an accommodative Federal Reserve, a potentially more business and investor-friendly Washington, and strong M&A activity.
Japanese stocks will also benefit on robust performances from neighbouring emerging markets and a US recovery while Britain’s FTSE will gain 8 percent as equity investors shrug off economic gloom.
“Despite concern over the housing market and unemployment, companies are now ‘mean and lean’,” said David Buik, senior partner at BGC Capital.
On Thursday, the Embassy in Abu Dhabi too had announced several measures
The emirate's Roads and Transport Authority completed the construction of a network of main roads with a total length of 9.5 km
The institute aims to strengthen ties between Arab and Western civilisations
Social workers have strongly urged all overstayers to take immediate steps to regularise their status within the stipulated time frame
Some tickets were relisted on resale sites for as much as Dh38,581
Here's a list of the places you can go; entry is free to most of them
Some of the survivors were still recovering at hospitals while others were already in their homes
The vaccines will be flown to Democratic Republic of the Congo, Nigeria, South Africa, Ivory Coast and Cameroon