Trade with Greece
25
better. The largest gains are expected from the
technology and energy sectors. The S&P 500
index is expected to reach 1,400 points by the
end of 2011. Although Europe will continue to be
plagued by the debt crisis, the stocks of the
European “core” (whose center is Germany) may
also register a 15% rise.
The dollar is expected to strengthen against both
the yen and the euro, with the latter turning into
the developed world’s weakest currency during
2011, falling to 1.20 dollars by the end of the year.
Oil, copper and coal will form the vanguard of a
bull market in commodities. Oil will stand its
ground at $100 per barrel, while copper is expect-
ed to reach an average price of $11,250 per ton
during 2011. Gold is well placed to reach $1,500
per ounce, while prices are expected to fall in the
case of agricultural commodities.
CITI
In 2011, stock prices are expected to increase by
15% worldwide, while the S&P 500 and DJ Stoxx
indices are expected to gain 10% and 19%
respectively.
Analysts point out that, although the Asian economies’ - most
importantly China’s - growth rates are evening out to more
normal levels, this region will remain the engine of the global
economy.
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